the price had a breakout from the bullflag and monthly resistance due to the news.
After that, the price got a rejection from the daily resistance on 0.85$.
On 4h timeframe, the price s testing the previous resistance as new support and the price needs to grab liquidity to confirm the breakout of the monthly area on 0.78$.
How to approach?
If the price is going to have a breakout from the resistance area, According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
Follow the Shrimp 🦐
After that, the price got a rejection from the daily resistance on 0.85$.
On 4h timeframe, the price s testing the previous resistance as new support and the price needs to grab liquidity to confirm the breakout of the monthly area on 0.78$.
How to approach?
If the price is going to have a breakout from the resistance area, 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 🦐
Kommentera:
I'm still waiting for the new breakout.
Patience is the Key to Success in Trading
I'm still waiting for the new breakout.
Patience is the Key to Success in Trading
Kommentera:
the price is testing the daily resistance after the breakout from the bull flag.
11% so far
Kommentera:
Wait for the last profit! 12% so far
Kommentera:
the price got a rejection from 0.92$ area and we are waiting for the last profit on VIP side.
The monthly resistance is a key level, if the price is going to have a breakout from it the next resistance could be 1$
The monthly resistance is a key level, if the price is going to have a breakout from it the next resistance could be 1$
The price needs to create a new breakout from the monthly resistance.
Keep calm