GOLD on the 4h chart broke and retest the weekly (red) structure and turn the previous support into a resistance area.
The market after the bearish impulse retest the 0.382 Fibonacci level and some more short pressure can be expected.
How can i approach this scenario?
I will wait for foe the EU market open and if the price will break below the support area i will be looking for a nice short order according to the Plancton's strategy rules.
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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 questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
The market after the bearish impulse retest the 0.382 Fibonacci level and some more short pressure can be expected.
How can i approach this scenario?
I will wait for foe the EU market open and if the price will break below the support area i will be looking for a nice short 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
