Euro / Canadian Dollar
Short
Updated

EURCAD moving to the 1.32 ? 🦐

447
EURCAD on the 4h chart is testing the support area at the 1.34 level.
The price has tested the level a few times and a break below can be expected.

How can i approach this scenario?

I will wait for a potential break of the level and in that case i will set 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.
Note
snapshot the market is testing the support area
Note
snapshot breaking below as expected
Note
snapshot break retest and perfect analysis
Note
snapshot perfect call
Note
snapshot 2.75% profit since my call
Note
snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.