AUDUSD on the 4h chart after the recent high moved lower.
I can see an attempt of the price to break the resistance level at the 0.73800 with the following bear pressure coming in that pushes the price at the 0.618 Fibonacci level.
How can we approach this scenario?
We will wait for the market open and check if the price will break above the resistance area, in that case i ll check for a possible long entry according to the Plancton's academy 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
I can see an attempt of the price to break the resistance level at the 0.73800 with the following bear pressure coming in that pushes the price at the 0.618 Fibonacci level.
How can we approach this scenario?
We will wait for the market open and check if the price will break above the resistance area, in that case i ll check for a possible long entry according to the Plancton's academy 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
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Заметка
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Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.