USDZAR bounced over a monthly support 🦐
USDZAR after the long dowtrend reaches a monthly support.
The price bounced sharply and create a nice impulse.
Now the price is consolidating below a minor resistance and if the price will break above we can consider a nice long position.
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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 bounced sharply and create a nice impulse.
Now the price is consolidating below a minor resistance and if the price will break above we can consider a nice long position.
––––
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 run! As expected
Comment:
price got rejected by the monthly resistance
Comment:
Nice bullish run!
Comment:
another impulse and retest
Comment:
waiting for the break above for a new leg