AUDUSD can move lower? 🦐AUDUSD on the 4h chart after the recent low retraced exactly at the 0.382 Fibonacci level.
The market broke the daily bear flag with a current retest of the resistance level.
How can we approach this scenario?
We would like to see a clear inversion at the confluence area between the weekly resistance and the Fib level.
In that case, we will check an entry point for a short order with a nice risk-reward ratio according to Plancton's academy 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
