USDCAD time to retrace? 🦐
USDCAD on the 4h chart after the last impulse has tested the 1.37 area.
The price couldn't create new highs and we can expect some retracement at least to the 0.5 Fibonacci level.
How can i approach this scenario?
IF the price will break below the support area i will look for 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 couldn't create new highs and we can expect some retracement at least to the 0.5 Fibonacci level.
How can i approach this scenario?
IF the price will break below the support area i will look for 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
Komen:
breaking below as expected
Komen:
looking for a lower low
Komen:
break below and test of the 0.5 Fib