EURUSD a move to 50% 🦐

20 במרץ 2023

EURUSD on the 4h chart after the triple bottom started an impulse to the upside.
The price bounced a few times over the weekly structure and is currently trading below the 1.07 level below a daily resistance.

How can i approach this scenario?

A test of the 50% is highly possible in this case and for this reason i will wait for a potential break of the are and if the price will satisfy the Plancton's strategy i will set a nice long order according to the Plancton's strategy rules.

20 במרץ 2023

הערה

clear break of the resistance as expected

21 במרץ 2023

הערה

the price reached the 50% as expected

22 במרץ 2023

הערה

retest of the 50%

23 במרץ 2023

הערה

perfect test of the 0.786 Fibonacci and of a weekly resistrance