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InkyGrip
Aug 30, 2022 6:11 AM

EURUSD will be back above parity? 🦐 Long

Euro / U.S. DollarFOREX.com

Description

EURUSD on the 4h chart after the recent low created a triple bottom.
The market reached the 0.99150 level and start a range between the lows and the 0.382 fib level.
Currently the price is testing the upside resistance and further bullish move can be expected.

How can I approach this scenario?

I will wait for the break above and in that case I will look for a nice long order according to the 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.

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looking for a break above the liquidity area

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as expected

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the price move in my direction for 175 pips

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the price continues to moce higher as expected

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looking for a break above resistance
Comments
TomasRadek
It definitely looks possible.
InkyGrip
@TomasRadek, thank you Tomas
Mihai_Iacob
Indeed, EurUsd can rise back abive parity, but, IMO, will not stay for long. 1.01 is very strong resistance and the trend is grosly down
InkyGrip
@Mihai_Iacob, agreed, that is short term move
Behappie
Retails think parity = buy and big players are going to sell into those liquidity
InkyGrip
@Behappie, possible scenario
VasilyTrader
Cheers, bro!
TheNewsCrypto
Perfect setup 👌
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