EURAUD testing a descending trendline 🦐
EURAUD on the 4h chart is testing a descending trendline below the 1.62550 structure.
The price after hitting the 1.61500 area over a weekly ascending trendline couldn't break below and started a new bullish leg.
IF the market will break and close above the resistance structure and consequently break the trendline we will set a nice long order 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 after hitting the 1.61500 area over a weekly ascending trendline couldn't break below and started a new bullish leg.
IF the market will break and close above the resistance structure and consequently break the trendline we will set a nice long order 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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