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.
โโโโโ
Follow the Shrimp ๐ฆ
Keep in mind.
โข ๐ฃ Purple structure -> Monthly structure.
โข ๐ด Red structure -> Weekly structure.
โข ๐ต Blue structure -> Daily structure.
โข ๐ก Yellow structure -> 4h structure.
โข โซ๏ธ 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.