NZDUSD on the 4h chart after our previous analysis reached the support area at the 0.618 Fibonacci level.
The price from there bounces over the support and is now trading below a minor resistance near to the 0.5 Fibonacci area.
How can i approach this scenario?
I will wait for the EU market open and if the market will break above the structure i will be looking for 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 from there bounces over the support and is now trading below a minor resistance near to the 0.5 Fibonacci area.
How can i approach this scenario?
I will wait for the EU market open and if the market will break above the structure i will be looking for 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.
Comment:
the price broke above as expected
Comment:
the market broke above and tested the weekly resistance,
