EURUSD on the 4h chart after yesterday's rejection by the confluence zone between the daily support and the ascending trendline started a new move to the upside. There is still uncertainty in the market and any news can affect with higher volatility the price but, at this stage, the price is testing a minor resistance and possibly we can see a test of the higher weekly resistance.
I can notice how the 0.5 Fibonacci level is exactly at the daily support and also ho the price started a range between the 2 struvtures.
How can i approach this scenario?
I will wait for the break and close above the structure and in that case i will check if the price satisfy the Plancton's academy rules to set a nice long order. –––– Follow the Shrimp 🦐
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.