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InkyGrip
Nov 10, 2021 6:40 AM

AUDCAD can break the support? 🦐 Short

Australian Dollar / Canadian DollarFOREX.com

Description

AUDCAD on the daily chart is testing for a 4th time a weekly support.
The price is in a downtrend and tested the 0.382 Fib level after the last bearish impulse.

According to Plancton's strategy if the market will break below and satisfy the ACADEMY conditions we will set a nice short 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

Comment

testing the support

Comment

support holds well

Comment

no break no trigger

Comment

the price is testing the 0.5 fib level

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waiting for the break

Comment

still waiting for a break
Comments
terryzhang926
what about AUDUSD today?
InkyGrip
@terryzhang926,
check our latest analysis 🦐
MMBTtrader
after this support break
InkyGrip
@MMBTtrader, appreciate it 🦐
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