AUDNZD moving to a new recent high? 🦐
AUDNZD on the 4h chart is trading above a daily resistance.
The price after the test of the 0.5 Fibonacci level break above.
How can i approach this scenario?
I will wait for a potential break of the minor resistance and if the market will break above i will consider a nice long order according to the Plancton'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.
The price after the test of the 0.5 Fibonacci level break above.
How can i approach this scenario?
I will wait for a potential break of the minor resistance and if the market will break above i will consider a nice long order according to the Plancton'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.
Comment:
higher high as expected
Comment:
moving as expected
Comment:
a classic strong resistance rejection
