Short

EURUSD broke the channel 🦐

Updated

EURUSD on the 4h chart broke the ascending channel.
The price after the long bullish run reached the monthly resistance area at 1.23450 and got rejected.
IF the price will break below the support area we will set a nice short position 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.

Note

the price broke below the support structure. As expected

Note

a tight range now, waiting for the break below

Note

after the retracement the price seem to make a new test for the break of support

Note

after last retracement price back into a bearish scenario

InkyGrip

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