NZDCAD looks for a retracement 🦐
NZDCAD after bouncing over the weekly support at 0.86450 created a nice bullish impulse until the 0.90850 area.
The price never retraced back and now reached the ascending weekly trendline and testing it.
It will be likely to see a retracement move and if the price will break below the 4h support structure, we will set a nice short position 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.
The price never retraced back and now reached the ascending weekly trendline and testing it.
It will be likely to see a retracement move and if the price will break below the 4h support structure, we will set a nice short position according to Plancton's strategy.
-----
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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