GBPNZD on a supply zone 🦐
Updated
GBMNZD on the 4h chart is moving in a range trading.
The price after a bullish impulse reached the 2.0500 level and created a triple top.
How can we approach this scenario?
The market is moving between 2 structures and after a long run we can expect some retracements.
If the price will break the lower structure we will check if the move will satisfy the Plancton Academy rules and set a nice short 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.
The price after a bullish impulse reached the 2.0500 level and created a triple top.
How can we approach this scenario?
The market is moving between 2 structures and after a long run we can expect some retracements.
If the price will break the lower structure we will check if the move will satisfy the Plancton Academy rules and set a nice short order.
--––
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.
Note
We are looking for a break of the range 
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