EURUSD on the daily chart has reached as expected the weekly support ar the 1.11500 level.
The price as predicted on our previous idea after the break of the channel and the test of the 0.618 moved with a bearish impulse to the weekly support.
Being the end of the month we can expect 2 possible scenarios:
- If the price will bounce over the weekly chart and provide us a sign of inversion we can consider a long order
- If the bear pressure will increase and break the support area we can wait for the retest of it and according to Plancton's strategy set a nice short order.
which of the 2 you see more feasible?
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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 as predicted on our previous idea after the break of the channel and the test of the 0.618 moved with a bearish impulse to the weekly support.
Being the end of the month we can expect 2 possible scenarios:
- If the price will bounce over the weekly chart and provide us a sign of inversion we can consider a long order
- If the bear pressure will increase and break the support area we can wait for the retest of it and according to Plancton's strategy set a nice short order.
which of the 2 you see more feasible?
––––
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:
the market is attempting the bearish continuation
Comment:
some retracement can happen
