EURUSD on the 4h chart is providing us a long opportunity.
The price after the recent low at the 1.09750 level started a strong impulse to the upside and tested the weekly resistance.
From there the market retraced exactly at the 0.618 Fibonacci level over a previous resistance now turned support.
How can i approach this scenario?
If the price after the market open will break above the structure at the 0.5 fib level, we will look for a nice long opportunity according to Plancton's strategy 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.
The price after the recent low at the 1.09750 level started a strong impulse to the upside and tested the weekly resistance.
From there the market retraced exactly at the 0.618 Fibonacci level over a previous resistance now turned support.
How can i approach this scenario?
If the price after the market open will break above the structure at the 0.5 fib level, we will look for a nice long opportunity according to Plancton's strategy 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.
