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.


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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.
ملاحظة
لقطة the market moves to the support zone
ملاحظة
لقطة nice move
ملاحظة
لقطة bearish scenario won
ملاحظة
لقطة retest of the resistance and new recent lows on the way
240minaudAUDSGDDescending ChannelsgdTrend Analysis

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