AUDUSD on a retracement move 🦐

21 Okt 2022

AUDUSD on the 4h chart is trading at the recent lows.
The price has started a choppy move between an ascending trendline and a minor resistance and a retracement to the upside can be expected.

How can i approach this scenario?

I will wait for the break of the structure and if the price will satisfy the Plancton's strategy rules i will set a nice long order.




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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

21 Okt 2022

Catatan

testing now the reisistance

26 Okt 2022

Catatan

a 157 pips call

27 Okt 2022

Catatan

possible retest and inversion on the demand zone

28 Okt 2022

Catatan

test of the expected support

1 Nov 2022

Catatan

perfect turn at the demand zone as expected