EURUSD testing a weekly support 🦐
Updated
EURUSD on the daily chart turned at the 0.618 Fibonacci level.
The price after the attempt to break below retests the daily resistance area and now is moving again to the 1.12 zone.
How can we approach this scenario?
We will wait for a break of the support and in that case, we will move to the 4h chart.
If the condition will be satisfied we will set 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 price after the attempt to break below retests the daily resistance area and now is moving again to the 1.12 zone.
How can we approach this scenario?
We will wait for a break of the support and in that case, we will move to the 4h chart.
If the condition will be satisfied we will set 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.
Note
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