EURUSD on the 4h chart is trading within a monthly resistance.
The price after a distribution phase tested the lower demand and created a strong impulse on Monday.
Currently the market is trading at the recent high below a minor 4h resistance.
How can i approach this scenario?
According to Plancton's strategy IF the price will break above we can set a nice long 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.
The price after a distribution phase tested the lower demand and created a strong impulse on Monday.
Currently the market is trading at the recent high below a minor 4h resistance.
How can i approach this scenario?
According to Plancton's strategy IF the price will break above we can set a nice long 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:
waiting for the CPI news soon
Commento:
1% impulse after yesterday news
Commento:
testing the top of the resistance
Commento:
retest of the support
Commento:
retest of the highs
Commento:
a new distribution
Commento:
waiting for a potential break
Commento:
a 140 pips in the expected direction
Commento:
bullish continuation
Commento:
a 150 pips call
Commento:
choppy uptrend
Commento:
waiting for a new high
Commento:
test of the 0.618 support area
Commento:
testing the resistance level
Commento:
break above thanks to the FOMC news
Commento:
new recent high as the bullish momentum continue