GOLD after our previous idea broke the 1820 zone and moved to the 1880 resistance area.
The price creates a series of higher highs and higher lows and has perfectly tested the top of supply area on the h4 timeframe.
Following a higher high, we expect a higher low and for this reason, we took the Fibonacci instrument.
How can i approach this scenario?
I can look for a short term order to realign to a Fibonacci level but that will be against the main trend or i can wait for a higherr low and look for an inversion to set a long order with the trend favour.
--––
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 creates a series of higher highs and higher lows and has perfectly tested the top of supply area on the h4 timeframe.
Following a higher high, we expect a higher low and for this reason, we took the Fibonacci instrument.
How can i approach this scenario?
I can look for a short term order to realign to a Fibonacci level but that will be against the main trend or i can wait for a higherr low and look for an inversion to set a long order with the trend favour.
--––
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
