EURUSD on the monthly chart is moving inside a huge descending channel.
Price on the weekly chart, after the impulse started from 1.08 area found a resistance zone on the top trendline of a weekly ascending channel.
After a consolidation phase the price close last week into a double bottom higher close formation.
On the daily chart we can notice how price is consolidating below the 1.19 area.
IF the market during next week will break and close above it, we will look for a nice long position.
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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.
Price on the weekly chart, after the impulse started from 1.08 area found a resistance zone on the top trendline of a weekly ascending channel.
After a consolidation phase the price close last week into a double bottom higher close formation.
On the daily chart we can notice how price is consolidating below the 1.19 area.
IF the market during next week will break and close above it, we will look for a nice long position.
–––––
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.