NZDUSD on the 4h chart reached the monthly support area after a long bearish impulse.
The price tested the structure and bounced over it, starting a retracement to the upside.
How can i approach this scenario?
I will wait for the EU market open and the potential break of the minor structure area, in that case, i will search for a nice long entry 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.
The price tested the structure and bounced over it, starting a retracement to the upside.
How can i approach this scenario?
I will wait for the EU market open and the potential break of the minor structure area, in that case, i will search for a nice long entry according to the Plancton'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.
ความคิดเห็น:
the price broke above the structure as expected
ความคิดเห็น:
perfect break and retest
ความคิดเห็น:
after a last retest the price is now moving higher
ความคิดเห็น:
moving to the upside as expected
ความคิดเห็น:
the market moved to the monthly resistance as expected
ความคิดเห็น:
test of the monthly resistance
ความคิดเห็น:
resistance rejection
ความคิดเห็น:
a 193 pips call
ความคิดเห็น:
the price moves higher
ความคิดเห็น:
the market tested the 0.65600 and starts a retracement move
ความคิดเห็น:
break and retest of the support area
ความคิดเห็น:
possible bull flag continuation
ความคิดเห็น:
ascending channel formation