EURUSD on the weekly chart is moving inside an ascending channel. the price close last week out of the range with a break of the support structure at 1.17200.
On the daily chart the price broke the ascending channel and close the week below the ema and near to the nxt support at 1.16100.
We can expect during next week a retest of the 1.17200 resistance, a lot will play the Us election and the eurpoean lockdown covid situation.
IF the price will break and close below the support area we will set a nice short order according to Plancton' 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.
On the daily chart the price broke the ascending channel and close the week below the ema and near to the nxt support at 1.16100.
We can expect during next week a retest of the 1.17200 resistance, a lot will play the Us election and the eurpoean lockdown covid situation.
IF the price will break and close below the support area we will set a nice short order according to Plancton' 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.