EURUSD on a retracement move 🦐

10 במאי 2022

EURUSD after the long downtrend move reached the monthly support at the 1.05 level.
The price tested a few times the structure and will look for a retracement move to the upside.

How can i approach this scenario?

After a false breakout the market tested the 0.787 and the 0.886 Fibonacci level and is now trading below a minor resistance.
I will wait for the break above the 4h resistance and in that case, i will look for a nice long order 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.