EURUSD on the daily chart is. moving inside a descending channel.
The price moved in series of lower low lower high and is currently testing a confluence point between the upper trendline and a daily resistance.
How can i approach this scenario?
I will wait for a potential break of the area and in that case i will move on the 4h timeframe to look for a possible long order according to the Plancton's strategy rules
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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 moved in series of lower low lower high and is currently testing a confluence point between the upper trendline and a daily resistance.
How can i approach this scenario?
I will wait for a potential break of the area and in that case i will move on the 4h timeframe to look for a possible long order according to the Plancton's strategy rules
––––
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:
breaking the confluence
Commento:
waiting for the market news
Commento:
retest of the support
