The price tested the 0.786 Fibonacci level on the daily timeframe inside a descending channel on the 4h timeframe.
How to approach it?
IF the price is going to create a clear breakout from the channel and retest the daily resistance as new support, 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.
–––––
Follow the Shrimp 🦐
How to approach it?
IF the price is going to create a clear breakout from the channel and retest the daily resistance as new support, 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.
–––––
Follow the Shrimp 🦐
Comment:
The price is following my arrow and we have made more than 3% so far
