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.
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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 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.
تعليق:
waiting for the CPI news soon
تعليق:
1% impulse after yesterday news
تعليق:
testing the top of the resistance
تعليق:
retest of the support
تعليق:
retest of the highs
تعليق:
a new distribution
تعليق:
waiting for a potential break
تعليق:
a 140 pips in the expected direction
تعليق:
bullish continuation
تعليق:
a 150 pips call
تعليق:
choppy uptrend
تعليق:
waiting for a new high
تعليق:
test of the 0.618 support area
تعليق:
testing the resistance level
تعليق:
break above thanks to the FOMC news
تعليق:
new recent high as the bullish momentum continue