plancton0618

EURUSD possible bearish scenario 🦐

Short
FOREXCOM:EURUSD   Euro / U.S. Dollar
EURUSD on the daily chart tested the weekly resistance with a spike after the recent low.
The price seems to lose again the bullish momentum and I can expect a new bearish leg if the pair will confirm its weakness during the eu market session.

How can we approach this scenario?

I will wait for the break below the confluence zone between the ascending trendline and the support area and if the condition will be satisfied we will set a nice short order according to the Plancton's Academy 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.
Comment: the confluence holds well atm

🦐 FOLLOW THE SHRIMP🦐

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