The price created a double bottom on the weekly support ( the red one on 0.06) and now the price is testing the 0.618 Fibonacci level.
The price could create a new higher low.
How To approach?
IF the price is going to have a breakout from the weekly resistance (0.1) we can put on our watchlist and apply our rules
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Follow the Shrimp 🦐
Keep in mind.
The price could create a new higher low.
How To approach?
IF the price is going to have a breakout from the weekly resistance (0.1) we can put on our watchlist and apply our rules
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.