EURCAD on the daily chart is trading below a weekly resistance at the recent high.
The price after the last impulse retraced perfectly at the 50% of the previous impulse over a daily support and moved back to the previous high.
How can i approach this scenario?
I will wait for a clear break of the structure and if that will happen i will move on the 4h timeframe to look for a nice long 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 after the last impulse retraced perfectly at the 50% of the previous impulse over a daily support and moved back to the previous high.
How can i approach this scenario?
I will wait for a clear break of the structure and if that will happen i will move on the 4h timeframe to look for a nice long 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.
Comment:
breaking above now
Comment:
a new recent high