NZDUSD test the 0.382 🦐
Updated
NZDUSD on the 4h chart after test of the 0.65000 area retraced to the weekly support.
The market from there started a retracement move at the 0.382 where a Supply area can reject the price.
How can i approach this scenario?
According to Plancton's strategy IF the market will break below the lower support we will consider a nice short order
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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 from there started a retracement move at the 0.382 where a Supply area can reject the price.
How can i approach this scenario?
According to Plancton's strategy IF the market will break below the lower support we will consider a nice short order
–––
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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