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.
ââââ
Follow the Shrimp đŠ
Keep in mind.
âą đŁ Purple structure -> Monthly structure.
âą đŽ Red structure -> Weekly structure.
âą đ” Blue structure -> Daily structure.
âą đĄ Yellow structure -> 4h structure.
âą 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 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.
ââââ
Follow the Shrimp đŠ
Keep in mind.
âą đŁ Purple structure -> Monthly structure.
âą đŽ Red structure -> Weekly structure.
âą đ” Blue structure -> Daily structure.
âą đĄ Yellow structure -> 4h structure.
âą 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:
waiting for the CPI news soon
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1% impulse after yesterday news
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testing the top of the resistance
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retest of the support
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retest of the highs
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a new distribution
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waiting for a potential break
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a 140 pips in the expected direction
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bullish continuation
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a 150 pips call
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choppy uptrend
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waiting for a new high
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test of the 0.618 support area
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testing the resistance level
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break above thanks to the FOMC news
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new recent high as the bullish momentum continue