The price has tested perfectly twice the support area at the recent low.
Being the double bottom an inversion pattern i will look for a slightly higher retracement remaining bearish anyway the gersal market outlook.
How can i approach this scenario?
I will wait for the EU market open and look for a break of the resistance, in that case i will move on the 4h timeframe to look for a nice long order according to the Plancron's strategy rules.
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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.
Being the double bottom an inversion pattern i will look for a slightly higher retracement remaining bearish anyway the gersal market outlook.
How can i approach this scenario?
I will wait for the EU market open and look for a break of the resistance, in that case i will move on the 4h timeframe to look for a nice long order according to the Plancron's strategy rules.
–––––
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.
