the price is testing the support after a pullback from the breakout of ascending channel. The price retested the 0.618 Fibonacci level and now the market is trying to hold the local support
How to apporach it?
IF the price is going to lose the support, and retest it as new resistance, According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
How to apporach it?
IF the price is going to lose the support, and retest it as new resistance, According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ black structure -> <= 1h structure.
Follow the Shrimp 🦐
Comment:
The price is following my arrow. The price lost the support and retest it as new resistance
Let's see how the market is going to react during the Asian Session
Let's see how the market is going to react during the Asian Session
Comment:
The price is moving as I told you.
let's see if the price is going to have a new bearish impulse until 16300
let's see if the price is going to have a new bearish impulse until 16300
Comment:
the price is testing the support after the breakout as I told you
Now the level is weak