The price is testing the demand zone on the daily timeframe after the price created a falling wedge on it.
On the 4h timeframe the price is creating a double bottom on the key level.
How to approach it?
The price could get new liquidity from the demand zone in order to create a reverse trade. IF the market is going to shift the bias, and if the price is going to have a breakout, trAccording to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
On the 4h timeframe the price is creating a double bottom on the key level.
How to approach it?
The price could get new liquidity from the demand zone in order to create a reverse trade. IF the market is going to shift the bias, and if the price is going to have a breakout, trAccording 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 🦐
