Gold on the daily chart shows both signals of inversion, double bottom and triple bottom.
The price is now trading near to a weekly structure and we can see 2 possible scenarios.
If the price will break above we will look for a long position according to Plancton's strategy.
On the other hand if the price will move lower we will search for a short position.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 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 questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
The price is now trading near to a weekly structure and we can see 2 possible scenarios.
If the price will break above we will look for a long position according to Plancton's strategy.
On the other hand if the price will move lower we will search for a short position.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 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 questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Comment:
price is looking for a direction