EURUSD after the long downtrend move reached the monthly support at the 1.05 level.
The price tested twice to the structure and will look for a retracement move to the upside.
How can i approach this scenario?
I will wait for the break above the 4h resistance and in that case, i will look for a nice 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 tested twice to the structure and will look for a retracement move to the upside.
How can i approach this scenario?
I will wait for the break above the 4h resistance and in that case, i will look for a nice 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:
price is testing the 0.786 over the support area
Commento:
after a last test of the support the price is moving upwards
Commento:
still testing the support, some retracement to the upside is expected
