AUDSGD possible scenarios 🦐
AUDSGD on the 4h chart after hitting the weekly resistance started a retracement move.
The price is forming a possible head shoulder pattern and if if the market will break below the neckline we can look for a short position.
On the other hand, the descending channel could hole the price and bounce over it for the next bullish leg.
–––––
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.
The price is forming a possible head shoulder pattern and if if the market will break below the neckline we can look for a short position.
On the other hand, the descending channel could hole the price and bounce over it for the next bullish leg.
–––––
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:
the market moves to the support zone
Commentaire:
nice move
Commentaire:
bearish scenario won
Commentaire:
retest of the resistance and new recent lows on the way