USDCAD for a new low ðŸĶ

āļ—āļĩāđˆāļ­āļąāļ›āđ€āļ”āļ•:
USDCAD on the daily after the double top is testing a weekly support.
The market attempted to break the 0.618 weekly Fibonacci level with 2 false breakouts and moved lower to the support structure.
After a series of red candles, we can expect anyway some retracement to the upside before a possible break.

How can we approach this scenario?

I will wait for a potential break of the structure and in that case i ll move to the 4h chart.
On that timeframe, i will check for an entry point according to Plancton's strategy rules and set a nice short order.

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Follow the Shrimp ðŸĶ

Keep in mind.
ðŸŸĢ Purple structure -> Monthly structure.
ðŸ”ī Red structure -> Weekly structure.
ðŸ”ĩ Blue structure -> Daily structure.
ðŸŸĄ Yellow structure -> 4h structure.
âšŦïļ 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
āļšāļąāļ™āļ—āļķāļ
āļŠāđāļ™āļ›āļŠāļ­āļ• the price is pushing for a break as expected
āļšāļąāļ™āļ—āļķāļ
āļŠāđāļ™āļ›āļŠāļ­āļ• possible double bottom and retracement to the upside here, at the moment no confirmation yet
āļšāļąāļ™āļ—āļķāļ
āļŠāđāļ™āļ›āļŠāļ­āļ• im going to wait for a clear break of the support before considering a short here
0518240minCADDaily ChartsDouble TopTrend AnalysisUSDUSDCAD

āļāļēāļĢāļ™āļģāđ€āļŠāļ™āļ­āļ—āļĩāđˆāđ€āļāļĩāđˆāļĒāļ§āļ‚āđ‰āļ­āļ‡

āļ„āļģāļˆāļģāļāļąāļ”āļŠāļīāļ—āļ˜āļīāđŒāļ„āļ§āļēāļĄāļĢāļąāļšāļœāļīāļ”āļŠāļ­āļš