EURNZD double bottom over the 0.618 🦐

Dec 18, 2020

EURNZD after the last impulse retraced inside a descending channel.
The price hit the 0.618 fibonacci retracement and created a double bottom formation over it.
IF the market will break and close above the resistance structure, and consequently breaks the channel, we will set a nice long order according to Plancton's strategy.

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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.

Dec 18, 2020

Note

The markets attempt to break. False breakout

Dec 21, 2020

Note

as expected

Dec 22, 2020

Note

nice move until the previous high