EURGBP on the 4h chart after the uptrend impulse reached the 0.88600 area.
The market started a distribution phase where it tested the upper resistance and lower support a few times without breaking it.
The price then moved to the lower demand where it took the liquidity to create the impulse to the upside with a break of the previous range followed by a retest of the previous resistance now turn support.
How can i approach this scenario?
If the price will break the minor resistance i will consider a nice long order according to the Plancton's strategy rules.
âââââ
Follow the Shrimp đŠ
Keep in mind.
đŁ Purple structure -> Monthly structure.
đŽ Red structure -> Weekly structure.
đ” Blue structure -> Daily structure.
đĄ Yellow structure -> 4h structure.
â«ïž 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 started a distribution phase where it tested the upper resistance and lower support a few times without breaking it.
The price then moved to the lower demand where it took the liquidity to create the impulse to the upside with a break of the previous range followed by a retest of the previous resistance now turn support.
How can i approach this scenario?
If the price will break the minor resistance i will consider a nice long order according to the Plancton's strategy rules.
âââââ
Follow the Shrimp đŠ
Keep in mind.
đŁ Purple structure -> Monthly structure.
đŽ Red structure -> Weekly structure.
đ” Blue structure -> Daily structure.
đĄ Yellow structure -> 4h structure.
â«ïž 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.
Kommentera:
looking for a break of the resistance