AUDUSD on a retracement move 🦐

21 oct. 2022

AUDUSD on the 4h chart is trading at the recent lows.
The price has started a choppy move between an ascending trendline and a minor resistance and a retracement to the upside can be expected.

How can i approach this scenario?

I will wait for the break of the structure and if the price will satisfy the Plancton's strategy 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 question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger

21 oct. 2022

Note

testing now the reisistance

26 oct. 2022

Note

a 157 pips call

27 oct. 2022

Note

possible retest and inversion on the demand zone

28 oct. 2022

Note

test of the expected support

1 nov. 2022

Note

perfect turn at the demand zone as expected