EURCAD after hitting the monthly resistance started a retracement move with a lower low lower high movment.
Market hit the 0.5 fib level of the major leg that also was a daily support.
At this level we will not take any trade but we will wait the market to give us a confirmation.
IF the maket will break above the daily support and break the minor channel we can look for a long position for the retest of the monthly high.
On the other hand if the market will break below the daily support and consequently break the dynamic trendline we can set a nice short order according with the Plancton's strategy.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
Market hit the 0.5 fib level of the major leg that also was a daily support.
At this level we will not take any trade but we will wait the market to give us a confirmation.
IF the maket will break above the daily support and break the minor channel we can look for a long position for the retest of the monthly high.
On the other hand if the market will break below the daily support and consequently break the dynamic trendline we can set a nice short order according with the Plancton's strategy.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
Note
Note
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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.
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.