EURUSD on the 4h chart tested the weekly resistance after the recent low.
The price seems to lose momentum and I can expect a new bearish leg if the pair will confirm his weakness during the eu market session.
How can we approach this scenario?
I will wait for the break below the confluence zone between the ascending trendline and the support area and if the condition will be satisfied we will set a nice short order according to the Plancton's Academy 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 seems to lose momentum and I can expect a new bearish leg if the pair will confirm his weakness during the eu market session.
How can we approach this scenario?
I will wait for the break below the confluence zone between the ascending trendline and the support area and 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.
The price is approaching the support area, a break of the confluence will be needed first to consider the short position