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InkyGrip
Jul 5, 2022 6:12 AM

EURUSD on a double bottom 🦐 Long

FOREXCOM:EURUSD240
Euro / U.S. DollarFOREX.com

Description

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EURUSD on the 4h chart retest the monthly support creating a potential double bottom pattern.
The price has tested the level twice and is now trading below a minor resistance.

How can i approach this scenario?

I will wait for the EU market open and if the price will break above 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.
Trend AnalysisEURUSDEURUSD240min
Comments
mshahzad2640
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Not good idea very bad analysis EurUSD is very short
InkyGrip
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@mshahzad2640, feel free to post your chart here, the market never satisfied the condition in the descprition
FerrariLover123
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Love your post, but don't understand why search for longs while in an obvious bearish market? Cheers!
InkyGrip
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@FerrariLover123, a monthly support
FerrariLover123
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@plancton0618, Sure... is that your strategy? buying at support? thankyou for the anwser:)
InkyGrip
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@FerrariLover123, is not my strategy as you can check from my other ideas :)
AlkalineFX
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I see this also!
InkyGrip
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@AlkalineFX, awesome
FOREXN1
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Great Idea here :)
InkyGrip
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@FOREXN1, thanks
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