EURCAD on the 4h chart is breaking the descending channel.
The price after breaking below the weekly support took the liquidity and now due also to the market news is creating a strong impulse to the upside.
According to Plancton's strategy if the price will retest the structure and satisfy the academy conditions we will set a nice long order.
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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 after breaking below the weekly support took the liquidity and now due also to the market news is creating a strong impulse to the upside.
According to Plancton's strategy if the price will retest the structure and satisfy the academy conditions we will 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.
Comment:
approaching the structure as expected
Comment:
perfect break and retest
Comment:
testing the support
Comment:
resistance test
Comment:
range