AUDCAD on the 4h chart after the test of the weekly support has retraced to the 0.786 Fibonacci level.
The market is now trading over the 0.618 Fibonacci support and a lower move.can be expected.
How can i approach this scenario?
I will wait for a potential break of the 0.618 and if that will happen i will be looking for a nice short order according to the Plancton's strategy rules.
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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