The market had a breakout from the weekly resistance and retested as new support on the 0.786 Fibonacci level, and the price respected the dynamic weekly resistance.
On the daily timeframe the price is creating a descending channel on the weekly structures, and the price is trying to have a breakout from the descending channel and daily resistance.
On the 4 Timeframe, the price is creating an ascending channel inside the main descending channel.
How to approach?
IF the price is going to have a breakout from the daily and descending resistance, According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
On the daily timeframe the price is creating a descending channel on the weekly structures, and the price is trying to have a breakout from the descending channel and daily resistance.
On the 4 Timeframe, the price is creating an ascending channel inside the main descending channel.
How to approach?
IF the price is going to have a breakout from the daily and descending resistance, According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
Follow the Shrimp 🦐
הערה:
Breakout as expected!
הערה:
So far So good
הערה:
11% since my call
