AUDSGD on the 4h chart after hitting the weekly resistance started a retracement move.
The price is forming a possible head shoulder pattern and if if the market will break below the neckline we can look for a short position.
On the other hand, the descending channel could hole the price and bounce over it for the next bullish leg.
βββββ
Follow the Shrimp π¦
Keep in mind.
β’ π£ Purple structure -> Monthly structure.
β’ π΄ Red structure -> Weekly structure.
β’ π΅ Blue structure -> Daily structure.
β’ π‘ Yellow structure -> 4h structure.
β’ β«οΈ 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 forming a possible head shoulder pattern and if if the market will break below the neckline we can look for a short position.
On the other hand, the descending channel could hole the price and bounce over it for the next bullish leg.
βββββ
Follow the Shrimp π¦
Keep in mind.
β’ π£ Purple structure -> Monthly structure.
β’ π΄ Red structure -> Weekly structure.
β’ π΅ Blue structure -> Daily structure.
β’ π‘ Yellow structure -> 4h structure.
β’ β«οΈ 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:
the market moves to the support zone
Comment:
nice move
Comment:
bearish scenario won
Comment:
retest of the resistance and new recent lows on the way