This pair after the break of the descending channel is trading below a daily resistance.
The market after a series of lower low and lower high create a higher low.
How can i approach this scenario?
I will wait for a potential break of the resistance area 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 after a series of lower low and lower high create a higher low.
How can i approach this scenario?
I will wait for a potential break of the resistance area 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
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looking for a clear break of the 1.47 area
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breaking above as expected
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the market moves to the 1.49 area
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a classic break and retest
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testing the upper resistance structure
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a 141 pips call so far
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223 pips
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the price delivers 250 pips after the break the descending channel
