AUDUSD on the 4h chart after the accumulation phase at the recent low started an impulse to the upside.
The market after the first move retraced to the 0.886 Fibonacci level and is now looking for a further bullish continuation.
How can I approach this scenario?
According to Plancton's strategy IF the price will break above the resistance area i will consider a nice long order.
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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 market after the first move retraced to the 0.886 Fibonacci level and is now looking for a further bullish continuation.
How can I approach this scenario?
According to Plancton's strategy IF the price will break above the resistance area i will consider a nice long order.
–––––
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
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bullish impulse after the retracement
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breaking above as expected
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break of the resistance and bullish continuation
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trading at the recent highs
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possible test of the Fib supports
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perfect test of the 0.5 Fib
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after the test of the support the market is moving at the reistsance
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as expected
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possible double top
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waiting for a break of the resistance structure