NZDUSD on the 4h chart reached as expected the monthly support at the 0.62500 level.
The market is now looking for a retracement and can move to the 0.5 Fibonacci level.
How can i approach this scenario?
The main trend remain bearish so I will wait for the end of the retracement and look for the best inversion point to set a nice short 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 market is now looking for a retracement and can move to the 0.5 Fibonacci level.
How can i approach this scenario?
The main trend remain bearish so I will wait for the end of the retracement and look for the best inversion point to set a nice short 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:
bearish continuation
Commento:
following my expectation
Commento:
perfect 0.618 test
