EURUSD can move higher? 🦐

EURUSD on the 4h chart after yesterday's rejection by the confluence zone between the daily support and the ascending trendline started a new move to the upside.
There is still uncertainty in the market and any news can affect with higher volatility the price but, at this stage, the price is testing a minor resistance and possibly we can see a test of the higher weekly resistance.

I can notice how the 0.5 Fibonacci level is exactly at the daily support and also ho the price started a range between the 2 struvtures.

How can i approach this scenario?

I will wait for the break and close above the structure and in that case i will check if the price satisfy the Plancton's academy rules to set a nice long order.
––––
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.

ความคิดเห็น:

resistance rejection we will monitor it next week