EURCAD looking up 🦐

EURCAD on the 4h chart after a test of the 1.32500 area retraced at the 0.168 Fibonacci level and tested the 1.30 zone.
The price is now trading below a daily resistance and some further bullish move can be expected.

How can i approach this scenario?

I will wait for a potential break and close above the structure and in that case, i will look 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.

Note

testing the resistance already

Note

a 100 pips move in our favour

Note

188 pips

Note

waiting for the clear break above

Note

120 pips call so far

Note

a choppy uptrend

Note

250 pips

Note

260 pips call

Note

test of the 1.33 area

InkyGrip

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.

InkyGrip