GBMNZD on the 4h chart is moving in a range trading.
The price after a bullish impulse reached the 2.0500 level and created a triple top.
How can we approach this scenario?
The market is moving between 2 structures and after a long run we can expect some retracements.
If the price will break the lower structure we will check if the move will satisfy the Plancton Academy rules and set a nice 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.