The price is testing the previous support as new resistance on the daily timeframe after a retest onf 0.786 Monthly support.
On the 4h timeframe the price had a breakout from the 4h resistance and now it's testing the previous resistance as new support inside a bear flag
How to approach?
IF the price is going to have a breakout from the bear flag According to Plancton's strategy, we can set a nice order
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Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
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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.