EURUSD can move higher? 🦐

EURUSD on the 4h chart is trading within a monthly resistance.
The price after a distribution phase tested the lower demand and created a strong impulse on Monday.
Currently the market is trading at the recent high below a minor 4h resistance.

How can i approach this scenario?

According to Plancton's strategy IF the price will break above we can set a nice long 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.

Комментарий:

waiting for the CPI news soon

Комментарий:

1% impulse after yesterday news

Комментарий:

testing the top of the resistance

Комментарий:

retest of the support

Комментарий:

retest of the highs

Комментарий:

a new distribution

Комментарий:

waiting for a potential break

Комментарий:

a 140 pips in the expected direction

Комментарий:

bullish continuation

Комментарий:

a 150 pips call

Комментарий:

choppy uptrend

Комментарий:

waiting for a new high

Комментарий:

test of the 0.618 support area

Комментарий:

testing the resistance level

Комментарий:

break above thanks to the FOMC news

Комментарий:

new recent high as the bullish momentum continue