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.
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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 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.
Bình luận:
the price broke above the structure as expected
Bình luận:
perfect break and retest
Bình luận:
after a last retest the price is now moving higher
Bình luận:
moving to the upside as expected
Bình luận:
the market moved to the monthly resistance as expected
Bình luận:
test of the monthly resistance
Bình luận:
resistance rejection
Bình luận:
a 193 pips call
Bình luận:
the price moves higher
Bình luận:
the market tested the 0.65600 and starts a retracement move
Bình luận:
break and retest of the support area
Bình luận:
possible bull flag continuation
Bình luận:
ascending channel formation
