XAUUSD on the 4h chart has retested the 0.5 Fibonacci level over a support area.
The price is trading around the 1830 and i will look for a possible break of the descending channel.
How can i approach this scenario?
I will wait for a potential break of the resistance area at the 1840 area and in that case i will look for the Plancton's strategy to set a nice long order.
--โโ
Follow the Shrimp ๐ฆ
Keep in mind.
๐ฃ Purple structure -> Monthly structure.
๐ด Red structure -> Weekly structure.
๐ต Blue structure -> Daily structure.
๐ก Yellow structure -> 4h structure.
โซ๏ธ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger