EURUSD a short term analysis 🦐

EURUSD on the 4h chart after last week's impulse is trading at the recent high.
The price never provided a re entry zone and some retracement to a fair value can be seen.

How to approach this scenario?

I wil wait for a possible test of the 0.5 Fibonacci area and IF the market will provide us an inversion i will set a nice long 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.

Komentarz:

moving to the support area

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looking for a test of the support

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test of the support as epxected

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after the test i will wait the market to take a direction

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perfectly working idea

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is this art?

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the market couldnt break the previous high

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new recent high