AUDNZD is inside a daily descending channel.
The price after hitting the 0.618 of the weekly fibonacci retracement bounce over it.
Now the market is testing a daily resistance area and if the price will break above the 1.05900 area we can set a nice long order according to Plancton'sa strategy.
–––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
The price after hitting the 0.618 of the weekly fibonacci retracement bounce over it.
Now the market is testing a daily resistance area and if the price will break above the 1.05900 area we can set a nice long order according to Plancton'sa strategy.
–––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.