EURUSD on the 4h chart after the recent low started a retracement move to the upside.
The market reached the 1.02500 level and start a range between the resistance and the 0.5 fib level.
Currently the price is testing the upside resistance and further bullish move can be expected with the vs US pair gaining strength.
How can I approach this scenario?
I will wait for the break above and in that case I will look for a nice long 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 reached the 1.02500 level and start a range between the resistance and the 0.5 fib level.
Currently the price is testing the upside resistance and further bullish move can be expected with the vs US pair gaining strength.
How can I approach this scenario?
I will wait for the break above and in that case I will look for a nice long 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.