EURNZD on the daily chart is moving in a downtrend and the market after the recent lows retraced at the 0.618 fibonacci level over a weekly resistance.
Remaining the trend in a bearish scenario i can expect a lower low with the market that currently testing a confluence zone that can break below anytime.
How can i approach this scanrio?
I will monitor the market during the Europen session and in the case that will break below, i will move on the 4h timeframe to set a nice short order according to the Plancton's academy rules.
āāāāā
Follow the Shrimp š¦
Keep in mind.
š£ Purple structure -> Monthly structure.
š“ Red structure -> Weekly structure.
šµ Blue structure -> Daily structure.
š” Yellow structure -> 4h structure.
ā«ļø 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.
Remaining the trend in a bearish scenario i can expect a lower low with the market that currently testing a confluence zone that can break below anytime.
How can i approach this scanrio?
I will monitor the market during the Europen session and in the case that will break below, i will move on the 4h timeframe to set a nice short order according to the Plancton's academy rules.
āāāāā
Follow the Shrimp š¦
Keep in mind.
š£ Purple structure -> Monthly structure.
š“ Red structure -> Weekly structure.
šµ Blue structure -> Daily structure.
š” Yellow structure -> 4h structure.
ā«ļø 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
Note
Similar to other EU pair the price is now turning and testing confluences area
Note
Note
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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.