EURUSD on the 4h chart is trading within a monthly resistance.
The price after a distribution phase tested the lower demand and created a strong impulse on Monday.
Currently the market is trading at the recent high below a minor 4h resistance.
How can i approach this scenario?
According to Plancton's strategy IF the price will break above we can set a nice long order.
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.
The price after a distribution phase tested the lower demand and created a strong impulse on Monday.
Currently the market is trading at the recent high below a minor 4h resistance.
How can i approach this scenario?
According to Plancton's strategy IF the price will break above we can set a nice long order.
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.
ืืขืจื:
waiting for the CPI news soon
ืืขืจื:
1% impulse after yesterday news
ืืขืจื:
testing the top of the resistance
ืืขืจื:
retest of the support
ืืขืจื:
retest of the highs
ืืขืจื:
a new distribution
ืืขืจื:
waiting for a potential break
ืืขืจื:
a 140 pips in the expected direction
ืืขืจื:
bullish continuation
ืืขืจื:
a 150 pips call
ืืขืจื:
choppy uptrend
ืืขืจื:
waiting for a new high
ืืขืจื:
test of the 0.618 support area
ืืขืจื:
testing the resistance level
ืืขืจื:
break above thanks to the FOMC news
ืืขืจื:
new recent high as the bullish momentum continue