NZDUSD on an ascending channel 🦐

NZDUSD on the 4h chart is trading at the top of a bullish trend inside an ascending channel.
The price after the recent impulse got rejected by the daily resistance and is now moving to the lower trendline.
I expect the price to reach the confluence zone between the weekly support and the trendline before the end of this week and i will monitor the price action around that level.

How can i approach this scenario?

If the price will carry on the retracement move I will wait for the break of the confluence zone and after that, i will check for a short opportunity and set a sell 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.

הערה:

The market is now testing a minor support, i d like to see a break of the lower confluence area

הערה:

perfectly following my drawing

הערה:

perfect call here

הערה:

115 pips delivered

הערה:

125 pips call

הערה:

another magic run predicted for 184 pips

הערה:

expecting a lower low