EURUSD on the monthly chart (upper one) respected the descending monthly trendline.
The price has been rejected again at 0.618 fib level.
On the weekly chart, we can notice that after consolidation at the trendline price fall till weekly support.
Daily chart clearly let us see that price fall and retraced back over the weekly support till the descending trendline.
IF the price will break and close below the structure we can set a nice short order according to Plancton's strategy.
–––––
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 has been rejected again at 0.618 fib level.
On the weekly chart, we can notice that after consolidation at the trendline price fall till weekly support.
Daily chart clearly let us see that price fall and retraced back over the weekly support till the descending trendline.
IF the price will break and close below the structure we can set a nice short order according to Plancton's strategy.
–––––
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.
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.
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.