AUDUSD on a bullish move 🦐
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
Comment:
bullish impulse after the retracement
Comment:
breaking above as expected
Comment:
break of the resistance and bullish continuation
Comment:
trading at the recent highs
Comment:
possible test of the Fib supports
Comment:
perfect test of the 0.5 Fib
Comment:
after the test of the support the market is moving at the reistsance
Comment:
as expected
Comment:
possible double top
Comment:
waiting for a break of the resistance structure