AUDNZD is inside a daily descending channel.
The price after hitting the 0.618 of the weekly fibonacci retracement bounce over it.
Now the market is testing a daily resistance area and if the price will break above the 1.05900 area we can set a nice long order according to Plancton'sa strategy.

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Follow the Shrimp ๐Ÿฆ

Keep in mind.

โ€ข ๐ŸŸฃ Purple structure -> Monthly structure.
โ€ข ๐Ÿ”ด Red structure -> Weekly structure.
โ€ข ๐Ÿ”ต Blue structure -> Daily structure.
โ€ข ๐ŸŸก Yellow structure -> 4h structure.
โ€ข โšซ๏ธ 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.
240minaudAUDNZDDescending ChannelNZDTrend Analysis

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