XAGUSD on the 4h chart reached the weekly resistance at the 22.300 level. The price is now moving between the upper structure and a support area and some deeper retracement can be seen.
How can i approach this scenario?
I will wait for the EU market open and look for a possible break of the support area. In that case, i will wait for the test of the 0.618 and check for a possible inversion to set a nice long order according to the Plancton's stragey rules.
----- Follow the Shrimp π¦
Keep in mind. π£ Purple structure -> Monthly structure. π΄ Red structure -> Weekly structure. π΅ Blue structure -> Daily structure. π‘ Yellow structure -> 4h structure. β«οΈ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any questions. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger