EURUSD after moving inside a range between 1.17500 and 1.19500 for a few weeks has finally lost momentum and broke below the weekly structure.
Price didn't manage to break above the monthly descending trendline (purple one) and the 0.618 fib retracement of the previous bearish leg.
IF the price will go for a retest of the weekly structure and IF it will give us a new sign of inversion on lower timeframes, we will set a nice short order according to Plancton's strategy.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
Price didn't manage to break above the monthly descending trendline (purple one) and the 0.618 fib retracement of the previous bearish leg.
IF the price will go for a retest of the weekly structure and IF it will give us a new sign of inversion on lower timeframes, we will set a nice short order according to Plancton's strategy.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
