EURUSD on the 4h chart tested the weekly resistance at the 1.11500 with a spike after the recent low.
The price seems to lose again the bullish momentum and I can expect a new bearish leg if the pair will confirm its weakness during the eu market session.
How can we approach this scenario?
I will wait for the break below the support area and if the condition will be satisfied we will set a nice short order according to the Plancton's Academy rules.
โโโโ
Follow the Shrimp ๐ฆ
Keep in mind.
โข ๐ฃ Purple structure -> Monthly structure.
โข ๐ด Red structure -> Weekly structure.
โข ๐ต Blue structure -> Daily structure.
โข ๐ก Yellow structure -> 4h structure.
โข โซ๏ธ 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.