Description
⋅ The price had a breakout from the daily bear flag and retest as new support as you can see on the Blue circle.
The price is creating a descending channel on the 4h timeframe and another bear flag inside it.
How to approach?
If the price is going to lose the support on 4.8, we could see a new bearish impulse inside the demand zone at least
According to Plancton's strategy, we can set a nice order
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Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐