EURCAD after the last bullish impulse is trading below a strong resistance level.
The price is moving above an ascending trendline and a new test of the dynamic support can happen.
How can i approach this scenario?
Being Friday i will not open a trade on this pair and i will wait a setup during next week.
If the price will move to the trendline i will monitor the market for a possible inversion or a break and place an order 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 is moving above an ascending trendline and a new test of the dynamic support can happen.
How can i approach this scenario?
Being Friday i will not open a trade on this pair and i will wait a setup during next week.
If the price will move to the trendline i will monitor the market for a possible inversion or a break and place an order 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.