EURUSD on the 4h timeframe tested a few times the weekly resistance.
The price after the test of the 1.07800 started a retracement move into a descending channel then took the liquidity with an impulse.
How can i approach this scenario?
I will wait for a potential break below the support at the 1.06700 and in that case i will set a nice short 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 price after the test of the 1.07800 started a retracement move into a descending channel then took the liquidity with an impulse.
How can i approach this scenario?
I will wait for a potential break below the support at the 1.06700 and in that case i will set a nice short 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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as expected
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a 90 pips call
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testing the support for this 230 pips call
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the market is testing the monthly support for a 280 pips profit call
