EURUSD on the 4h chart reached a crucial resistance area.
The price which is moving inside a descending channel is at a confluence zone.
IF the price will break above. at the retest of the structure, we can set a nice long order.
IF the price instead will be rejected and break below the 4h support we will set a short order.
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ 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.
The price which is moving inside a descending channel is at a confluence zone.
IF the price will break above. at the retest of the structure, we can set a nice long order.
IF the price instead will be rejected and break below the 4h support we will set a short order.
––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ 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.
Commento:
perfectly respecting the trendline
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how trendlines are important...
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the market reached the minor resistance
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testing the weekly resistance