EURCAD on the 4h chart is trading below a resistance level .
The price after the long bearish trend creates a DOUBLE BOTTOM and is now looking for a retracement ato the upside.
How can i approach this scenario?
I will wait for a potential break of the structure and in that case, i will look for a nice long order according to the Plncton'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 price after the long bearish trend creates a DOUBLE BOTTOM and is now looking for a retracement ato the upside.
How can i approach this scenario?
I will wait for a potential break of the structure and in that case, i will look for a nice long order according to the Plncton'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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a new test of the support
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now ready for the resistance break
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waiting for a possible break above
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the market is now attempting the break
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after a false breakout the market is back in the range
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waiting for the 1.32 range break