EURUSD can move higher? 🦐

Jan 12, 2023

EURUSD on the 4h chart is trading within a monthly resistance.
The price after a distribution phase tested the lower demand and created a strong impulse on Monday.
Currently the market is trading at the recent high below a minor 4h resistance.

How can i approach this scenario?

According to Plancton's strategy IF the price will break above we can set a nice long order.
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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.

Jan 12, 2023

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waiting for the CPI news soon

Jan 13, 2023

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1% impulse after yesterday news

Jan 16, 2023

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testing the top of the resistance

Jan 17, 2023

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retest of the support

Jan 18, 2023

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retest of the highs

Jan 19, 2023

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a new distribution

Jan 20, 2023

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waiting for a potential break

Jan 23, 2023

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a 140 pips in the expected direction

Jan 25, 2023

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bullish continuation

Jan 25, 2023

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a 150 pips call

Jan 26, 2023

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choppy uptrend

Jan 30, 2023

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waiting for a new high

Jan 31, 2023

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test of the 0.618 support area

Feb 1, 2023

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testing the resistance level

Feb 1, 2023

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break above thanks to the FOMC news

Feb 2, 2023

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new recent high as the bullish momentum continue