The price is testing the 1.618 Fibonacci EXT level, it's a key level on the Daily timeframe , on 0.00357.
On the 4h timeframe, the price is testing the 4h support and creating equal lows above the demand zone .
How to approach it?
The price could create a new bearish impulse to grab new liquidity from 0.0035 and start with a reversal trade, 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 🦐
On the 4h timeframe, the price is testing the 4h support and creating equal lows above the demand zone .
How to approach it?
The price could create a new bearish impulse to grab new liquidity from 0.0035 and start with a reversal trade, According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐