GBPNZD on a range break 🦐
GBPNZD on the 4h chart is ranging between the monthly resistance at the 2.000 level and a daily support.
The market after a few attempts to break above is now trading close to the support.
After the break of the ascending channel, we will wait for a confirmation of the break of the structure to set according to our Academy a nice short order.
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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 market after a few attempts to break above is now trading close to the support.
After the break of the ascending channel, we will wait for a confirmation of the break of the structure to set according to our Academy a nice short order.
--––
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.
Comment:
moving to the support area
Comment:
looking for the support break
Comment:
the market respected the support and now testing the resistance