NZDUSD on a retracement move 🦐
Updated
NZDUSD on the 4h chart is trading at the recent lows.
The price is moving inside a descending channel and recently broke the upper trendline for a test of the 0.382 level.
How can i approach this scenario?
I will wait for a potential break of the resistance structure and in that case, i will set a nice long order according to the Plancton's strategy 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 is moving inside a descending channel and recently broke the upper trendline for a test of the 0.382 level.
How can i approach this scenario?
I will wait for a potential break of the resistance structure and in that case, i will set a nice long order according to the Plancton's strategy 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.
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