AUDUSD on a bullish move 🦐

AUDUSD on the 4h chart after the accumulation phase at the recent low started an impulse to the upside.
The market after the first move retraced to the 0.886 Fibonacci level and is now looking for a further bullish continuation.

How can I approach this scenario?

According to Plancton's strategy IF the price will break above the resistance area i will consider 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

ความคิดเห็น:

bullish impulse after the retracement

ความคิดเห็น:

breaking above as expected

ความคิดเห็น:

break of the resistance and bullish continuation

ความคิดเห็น:

trading at the recent highs

ความคิดเห็น:

possible test of the Fib supports

ความคิดเห็น:

perfect test of the 0.5 Fib

ความคิดเห็น:

after the test of the support the market is moving at the reistsance

ความคิดเห็น:

as expected

ความคิดเห็น:

possible double top

ความคิดเห็น:

waiting for a break of the resistance structure