GBPNZD on a short term outlook 🦐
GBPNZD on the 4h chart after the recent bounce over the weekly support retraced between the 0.5 and the 0.618 Fibonacci level.
The price is now trading above a minor support and. we can expect some bearish price action after the EU market open.
How can iu approach this scenario?
I will wait foe the break below the support area and when that will happen i will look for 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 is now trading above a minor support and. we can expect some bearish price action after the EU market open.
How can iu approach this scenario?
I will wait foe the break below the support area and when that will happen i will look for 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.
Comment:
breaking the support area, looking for the US open moves
Comment:
a bearish move can be expected
Comment:
moving according to my analysis
Comment:
looking for the break of the support