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Euro / US-Dollar

EURUSD can move higher? 🦐

Von InkyGrip
Aktualisiert
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.
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Snapshot waiting for the CPI news soon
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Snapshot 1% impulse after yesterday news
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Snapshot testing the top of the resistance
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Snapshot retest of the support
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Snapshot retest of the highs
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Snapshot a new distribution
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Snapshot waiting for a potential break
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Snapshot a 140 pips in the expected direction
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Snapshot bullish continuation
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Snapshot a 150 pips call
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Snapshot choppy uptrend
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Snapshot waiting for a new high
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Snapshot test of the 0.618 support area
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Snapshot testing the resistance level
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Snapshot break above thanks to the FOMC news
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Snapshot new recent high as the bullish momentum continue
240minEUREURUSDTrend AnalysisUSD
InkyGrip

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