UPDATE! GOLD at a crucial confluence 🦐
After our previous idea GOLD bounced over the support area at 1680 level and reached the daily resistance nearby the ema.
From this point we can expect 2 possible scenarios:
If the price will break above we can set a nice long order for a continuation of the trend.
If the price instead will turn we will wait for the retest and break of the support to set a nice short order.
--––
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 question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
From this point we can expect 2 possible scenarios:
If the price will break above we can set a nice long order for a continuation of the trend.
If the price instead will turn we will wait for the retest and break of the support to set a nice short order.
--––
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 question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Comment:
price rejection by the ema
