NZDUSD on the 4h chart reached the monthly support area after a long bearish impulse.
The price tested the structure and bounced over it, starting a retracement to the upside.
How can i approach this scenario?
I will wait for the EU market open and the potential break of the minor structure area, in that case, i will search for a nice long entry 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.
The price tested the structure and bounced over it, starting a retracement to the upside.
How can i approach this scenario?
I will wait for the EU market open and the potential break of the minor structure area, in that case, i will search for a nice long entry 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.
コメント:
the price broke above the structure as expected
コメント:
perfect break and retest
コメント:
after a last retest the price is now moving higher
コメント:
moving to the upside as expected
コメント:
the market moved to the monthly resistance as expected
コメント:
test of the monthly resistance
コメント:
resistance rejection
コメント:
a 193 pips call
コメント:
the price moves higher
コメント:
the market tested the 0.65600 and starts a retracement move
コメント:
break and retest of the support area
コメント:
possible bull flag continuation
コメント:
ascending channel formation