AUDCHF a turn at the 0.618 🦐
AUDCHF on the daily chart has retested the descending channel trendline.
The market after the attempt to break below the weekly support retraced to the 0.618 Fibonacci level and now is trading over a support area.
According to Plancton's strategy if the Academy rules will be satisfied we can 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.
The market after the attempt to break below the weekly support retraced to the 0.618 Fibonacci level and now is trading over a support area.
According to Plancton's strategy if the Academy rules will be satisfied we can set a nice short order.
––––
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.
Comentarios:
breaking below as expected
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nice bearish impulse
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testing the support
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break retest
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waiting for the next impulse
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a break can confirm