AUDUSD on a bullish move 🦐
AUDUSD on the 4chart broke the descending trendline of the channel and now testing the weekly resistance.
The price is consolidating below the weekly resistance in an ascending triangle formation.
According to Plancton's strategy, if the price will break above, we can set a nice long order.
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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 is consolidating below the weekly resistance in an ascending triangle formation.
According to Plancton's strategy, if the price will break above, we can set a nice long order.
––––
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:
strong impulse for a break of the resistance
Comment:
a test of the upper trendline
Comment:
Triangle formation
Comment:
triangle break
Comment:
the market is retesting the channels trendline