USDCAD on the 4h chart after the test of the monthly resistance dropped to the lower support at the 50% Fibonacci zone.
The price is now trading around the 1.35500 zone and after the recent high we can expect some more retracement.
How can i approach the current scenario?
I will wait for a break of the support and if that will happen i will consider 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
The price is now trading around the 1.35500 zone and after the recent high we can expect some more retracement.
How can i approach the current scenario?
I will wait for a break of the support and if that will happen i will consider a nice short order according to the Plancton's strategy rules.
--––
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
Comment:
testing the support area
Comment:
break and retest as expected
Comment:
looking for a support break
