EURUSD on the 4h chart after the test of the lower support at the 0.99 level tested the 1.02 area before retracing perfectly at the 0.786 Fibonacci level.
The market is now testing the 0.618 Level and a retest of the 0.382 area can be seen.
How can i approach this scenario?
I will wait for the London market open and if the price will break above the resistance area i will be looking for a nice long order according to the Plancton's strategy.
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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 market is now testing the 0.618 Level and a retest of the 0.382 area can be seen.
How can i approach this scenario?
I will wait for the London market open and if the price will break above the resistance area i will be looking for a nice long order according to the Plancton's strategy.
––––
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.