EURNZD 4h analysis 🦐

EURNZD on the 4chart retraced back till the 0.618 fib level of the previous bullish leg.
Market is currently testing the minor resistance at the top of the minor descending channel or bull flag.
If the market will break and close above it we can set a nice long order according to Plancton's strategy for the new impulse.
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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.

הערה:

perfect break, as expected

הערה:

price hit and got rejected by the top of the channel