AUDCAD can break the support? 🦐

AUDCAD on the daily chart is testing for a 4th time a weekly support.
The price is in a downtrend and tested the 0.382 Fib level after the last bearish impulse.

According to Plancton's strategy if the market will break below and satisfy the ACADEMY conditions we will set a nice short 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 question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger

Commentaire:

testing the support

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support holds well

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no break no trigger

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the price is testing the 0.5 fib level

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waiting for the break

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still waiting for a break