EURUSD rejected by the resistance 🦐EURUSD on the 4h timeframe tested a few times the weekly resistance.
The price after the test of the 1.07800 started a retracement move into a descending channel then took the liquidity with an impulse.
How can i approach this scenario?
I will wait for a potential break below the support at the 1.07300 and in that case i will set a nice short 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.
