EURCAD on the daily chart is trading below a resistance level.
The price after the long bearish trend found a bottom and is now looking for a retracement and tested the daily resistance a few times.
How can i approach this scenario?
I will wait for a potential break of the structure and in that case, i will move on the 4 h chart to set a nice long order according to the Plncton's strategy rules.
--––
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.
The price after the long bearish trend found a bottom and is now looking for a retracement and tested the daily resistance a few times.
How can i approach this scenario?
I will wait for a potential break of the structure and in that case, i will move on the 4 h chart to set a nice long order according to the Plncton's strategy rules.
--––
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.
