GOLD on the daily chart is trading below a daily resistance.
The price after a double bottom over the 1700 level is now attempting for a break above.
How can I approach this scenario?
I will wait for the EU market open and if the market will satisfy the Academy rules I will set a nice long order.
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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 after a double bottom over the 1700 level is now attempting for a break above.
How can I approach this scenario?
I will wait for the EU market open and if the market will satisfy the Academy rules I will set a nice long 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 questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Comment:
Currently breaking the structure, some more confirmations will be needed based on Plancton's strategy
