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InkyGrip
Feb 28, 2022 6:05 AM

EURUSD a turn at 0.618 Fib 🦐 Short

Euro / U.S. DollarFOREX.com

Description

EURUSD on the daily chart turned with a double top at the 0.618 Fibonacci level.
The price after the first attempt to break below retests the daily resistance area and now is moving again to the 1.10 zone.

How can we approach this scenario?

We will wait for a break of the daily support and in that case, we will move to the 4h chart.
If the condition will be satisfied we will set a nice short order according to the Plancton's Academy 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

Nice call
Comments
ProjectSyndicate
solid chart and neat write-up
InkyGrip
the_sun_trader
i still buy it
InkyGrip
@the_sun_trader, thanks for sharing your vision, feel free to paste your chart here
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