GOLD on the 4h chart is a t the top of a long bull run.
The price creates a strong seres of higher highs higher lows and currently the market is trading below a minor resistance.
How cab i approach this scenario?
Is risky to take long trade at the top of a trend but I will wait for the EU market open and, IF the price will break and close above, Ii will consider a nice long order according to the Plancton's strategy rules.
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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 creates a strong seres of higher highs higher lows and currently the market is trading below a minor resistance.
How cab i approach this scenario?
Is risky to take long trade at the top of a trend but I will wait for the EU market open and, IF the price will break and close above, Ii will consider a nice long order according to the Plancton's strategy rules.
--––
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:
bullish continiuation
Comment:
a new recent high
Comment:
waiting for a new break of the resistance