EURUSD can retrace to the upside? 🦐

EURUSD after the long downtrend move reached and attempt to break the monthly support at the 1.04 level.
The price tested a few times the structure and a retracement move to the upside is possible.

How can i approach this scenario?

I will wait for the break above the daily resistance and in that case, i will look for a nice long order according to the Plancton's strategy rules.

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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.

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the bounce starts exactly where we expect, we will check for further bullish price action

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170 pips since our free call

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incredible drawing accuracy!

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perfect reversal point spotted here

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Almost 320 pips and we catch the perfect reversal with ur analysis method

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360 pips since my free call

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the market tested the 1.07500 level

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tradingview.com/x/80epD2GF/the price is looking to break the resistance area

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the weekly resistance reject the price as expected

InkyGrip

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InkyGrip