EURUSD can move higher? 🦐

12 ene 2023

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.

12 ene 2023

Nota

waiting for the CPI news soon

13 ene 2023

Nota

1% impulse after yesterday news

16 ene 2023

Nota

testing the top of the resistance

17 ene 2023

Nota

retest of the support

18 ene 2023

Nota

retest of the highs

19 ene 2023

Nota

a new distribution

20 ene 2023

Nota

waiting for a potential break

23 ene 2023

Nota

a 140 pips in the expected direction

25 ene 2023

Nota

bullish continuation

25 ene 2023

Nota

a 150 pips call

26 ene 2023

Nota

choppy uptrend

30 ene 2023

Nota

waiting for a new high

31 ene 2023

Nota

test of the 0.618 support area

1 feb 2023

Nota

testing the resistance level

1 feb 2023

Nota

break above thanks to the FOMC news

2 feb 2023

Nota

new recent high as the bullish momentum continue