NZDUSD on a confluence area 🦐
NZDUSD on the 4h chart is testing the 0.5 Fibonacci level at a confluence zone.
The market after the recent high started a retracement move and currently is testing a daily support.
According to Plancton's strategy if the price will break above the 4h structure and will satisfy the Academy rules we will set a nice long 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 the recent high started a retracement move and currently is testing a daily support.
According to Plancton's strategy if the price will break above the 4h structure and will satisfy the Academy rules we will set a nice long 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:
nice impulse as expected
Comment:
The price reached the resistance area as expected but never managed to break above, perfect rejection