EURUSD on the weekly chart is moving inside an ascending channel and is in a consolidation phase between 2 main structures.
The price closed last week at the resistance structure at 1.19 and on the daily chart after bouncing at the support area at 1.16 the market created a nice impulse for the whole week.
IF the price during next week will break above the resistance structure we will set a nice long order.
If the market instead will break below the support daily structure at 1.18700 we will check for a 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 price closed last week at the resistance structure at 1.19 and on the daily chart after bouncing at the support area at 1.16 the market created a nice impulse for the whole week.
IF the price during next week will break above the resistance structure we will set a nice long order.
If the market instead will break below the support daily structure at 1.18700 we will check for a 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.
Comment:
price retraced until the 0.5 fib level over the ema