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.
--–– 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 questions. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
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