The price got a rejection from the monthly resistance on 0.77$ and from the dynamic resistance as well.
The price is trying to hold the 0.70$ support and create a new bull flag above it.
On 4h timeframe the price is testing the old support as new resistance on 0.72$
How to approach?
We are waiting for a breakout of the 4h resistance and we expect a pullback around 0.618 Fibonacci level on 0.76$.
According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
The price is trying to hold the 0.70$ support and create a new bull flag above it.
On 4h timeframe the price is testing the old support as new resistance on 0.72$
How to approach?
We are waiting for a breakout of the 4h resistance and we expect a pullback around 0.618 Fibonacci level on 0.76$.
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 🦐
5% so far ☮️