The market as we expected went to retest the dynamic trend line of the channel on the 4h timeframe.
On the fundamental side we have a strong euro but the price seem to push further down to get back inside the channel.
At the moment the market is ranging between the 2 resistance zone therefore there are 2 possible scenarios:
- If the market will break above the upper structure we can look for a long position with a TP around the 350 level
- If the market will break below the blue structure we can set a short order with a TP around the lower trend line of the channel.
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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 Plancton0618 strategy will trigger.
On the fundamental side we have a strong euro but the price seem to push further down to get back inside the channel.
At the moment the market is ranging between the 2 resistance zone therefore there are 2 possible scenarios:
- If the market will break above the upper structure we can look for a long position with a TP around the 350 level
- If the market will break below the blue structure we can set a short order with a TP around the lower trend line of the channel.
–––––
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 Plancton0618 strategy will trigger.