plancton0618

USOIL on a descendi ng channel 🦐

plancton0618 Premium Updated   
TVC:USOIL   CFDs on WTI Crude Oil
USOIL on the 4h chart is trading inside a descending channel in a series of lower low lower high.
The price tested the weekly support and moved back above the structure, testing now the upper trendline.

How can i approach this scenario?

I will wait for a potential break of the channel and if that will occur i will look for a nice order according to the Plancton's strategy rules,
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Follow the Shrimp 🦐

Keep in mind.
🟣 Purple structure -> Monthly structure.
πŸ”΄ Red structure -> Weekly structure.
πŸ”΅ 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 confluence area
Comment:
breaking above as expected
Comment:
price is moving higher as expected
Comment:
4.5% call here
Comment:
4.7% call, looking for a break of the resistance

🦐 FOLLOW THE SHRIMP🦐

🎯 Forex Telegram: https://www.plancton0618.com/telegram/forex

πŸš€ Crypto: https://www.plancton0618.com/telegram/crypto

πŸ“Ί Youtube: https://www.youtube.com/c/plancton0618
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