NZDUSD on the 4h chart reached the monthly support area after a long bearish impulse.
The price tested the structure and bounced over it, starting a retracement to the upside.
How can i approach this scenario?
I will wait for the EU market open and the potential break of the minor structure area, in that case, i will search for a nice long entry 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.
The price tested the structure and bounced over it, starting a retracement to the upside.
How can i approach this scenario?
I will wait for the EU market open and the potential break of the minor structure area, in that case, i will search for a nice long entry 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.
Комментарий:
the price broke above the structure as expected
Комментарий:
perfect break and retest
Комментарий:
after a last retest the price is now moving higher
Комментарий:
moving to the upside as expected
Комментарий:
the market moved to the monthly resistance as expected
Комментарий:
test of the monthly resistance
Комментарий:
resistance rejection
Комментарий:
a 193 pips call
Комментарий:
the price moves higher
Комментарий:
the market tested the 0.65600 and starts a retracement move
Комментарий:
break and retest of the support area
Комментарий:
possible bull flag continuation
Комментарий:
ascending channel formation