USOIL on the 4h chart is testing a minor resistance level at the 106 area.
The price after the recent low started a higher high higher low move with the last retracement over the 0.618 Fibonacci level.
How can i approach this scenario?
I will wait for a potential break of the structure and if that happens i will look for a nice buy 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.
The price after the recent low started a higher high higher low move with the last retracement over the 0.618 Fibonacci level.
How can i approach this scenario?
I will wait for a potential break of the structure and if that happens i will look for a nice buy order according to the Plancton's strategy rules.
-––
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.
Commento:
an almost 5% profit made here
