NZDUSD on the 4h chart after test of the 0.65000 area retraced to the weekly support.
The market from there started a retracement move at the 0.382 where a Supply area can reject the price.
How can i approach this scenario?
According to Plancton's strategy IF the market will break below the lower support we will consider a nice short order
âââ
Follow the Shrimp ðĶ
Keep in mind.
ðĢ Purple structure -> Monthly structure.
ðī Red structure -> Weekly structure.
ðĩ Blue structure -> Daily structure.
ðĄ Yellow structure -> 4h structure.
âŦïļ 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.