XAUUSD on the 4h chart after the test of the daily resistance retraced exactly at our beloved 0.618.
The market is now testing the 0.5 Fibonacci level and we can expect some further bullish move after the EU market open.
How can i approach this scenario?
If the price will break above the 0.382 resistance level i will look for 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 questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
The market is now testing the 0.5 Fibonacci level and we can expect some further bullish move after the EU market open.
How can i approach this scenario?
If the price will break above the 0.382 resistance level i will look for 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 questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Comment:
test of the 0.886 over the support
