EURCAD on the daily chart is trading below a resistance level.
The price after the long bearish trend found a bottom and is now looking for a retracement and tested the daily resistance a few times.
How can i approach this scenario?
I will wait for a potential break of the structure and in that case, i will move on the 4 h chart to set a nice long order according to the Plncton'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.