AUDUSD looking up đŠ
AUDUSD on the 4h chart after a downtrend that started from the 0.7600 level reached the weekly support at the 0.67500 area and bounced over it.
The market after a couple of attempts to break the support area started a retracement to the upside and broke the 0.68500 zone.
How can i approach this scenario?
I will wait fro a clear break of the 0.7000 resistance and in that case i will look for a nice long entry according to the Plancton's strategy rules.
âââââ
Follow the Shrimp
Keep in mind.
đŁ Purple structure -> Monthly structure.
đŽ Red structure -> Weekly structure.
đ” Blue structure -> Daily structure.
đĄ Yellow structure -> 4h structure.
â«ïž 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 a couple of attempts to break the support area started a retracement to the upside and broke the 0.68500 zone.
How can i approach this scenario?
I will wait fro a clear break of the 0.7000 resistance and in that case i will look for a nice long entry according to the Plancton's strategy rules.
âââââ
Follow the Shrimp
Keep in mind.
đŁ Purple structure -> Monthly structure.
đŽ Red structure -> Weekly structure.
đ” Blue structure -> Daily structure.
đĄ Yellow structure -> 4h structure.
â«ïž 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
Kommentar:
move to the upside as expected