AUDNZD on a retracement move 🦐
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AUDNZD on the 4h chart is moving at the top of the trend in an ascending channel.
The price after the attempt to break the upper trendline melted below for a test of the lower support trendline over a daily static support area.
How can we approach this scenario?
We will wait for the break of the confluence zone and after that, we will check for the application of the Plancton Academy rules to set a nice short order for our usual risk-reward ratio.
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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 price after the attempt to break the upper trendline melted below for a test of the lower support trendline over a daily static support area.
How can we approach this scenario?
We will wait for the break of the confluence zone and after that, we will check for the application of the Plancton Academy rules to set a nice short order for our usual risk-reward ratio.
--––
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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