InkyGrip

XAGUSD Bounced on 0.5 Monthly Fibonacci Retracement 🦐

Short
SAXO:XAGUSD   Silver / U.S. Dollar
XAGUSD Bounced on 0.5 Monthly Fibonacci Retracement as you can see on the Monthly chart. In the weekly chart, the price is testing the support,
As you can see in the daily chart, the price is testing 0.786 Fibonacci retracement.
IF the price will lose daily support, and flips into resistance, According to Plancton's strategy, we can set a nice order
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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.
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