NZDUSD on a double top 🦐
NZDUSD on the 4h chart after our previous analysis reached as expected the monthly resistance.
The market created a double top over the structure with 2 equal highs and is now trading above the 0.64500 support.
How can i approach this scenario?
We will wait for a potential break of the support area and in that case i will look for 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 market created a double top over the structure with 2 equal highs and is now trading above the 0.64500 support.
How can i approach this scenario?
We will wait for a potential break of the support area and in that case i will look for 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.
Comment:
ready for the break
Comment:
the market moved lower as expected
Comment:
moved as expected
