EURNZD can move lower ๐Ÿฆ

์—…๋ฐ์ดํŠธ๋จ
EURNZD on the daily chart is moving in a downtrend and the market after the recent lows retraced at the 0.618 fibonacci level over a weekly resistance.
Remaining the trend in a bearish scenario i can expect a lower low with the market that currently testing a confluence zone that can break below anytime.

How can i approach this scanrio?

I will monitor the market during the Europen session and in the case that will break below, i will move on the 4h timeframe to set a nice short order according to the Plancton's academy rules.

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Follow the Shrimp ๐Ÿฆ

Keep in mind.
๐ŸŸฃ Purple structure -> Monthly structure.
๐Ÿ”ด Red structure -> Weekly structure.
๐Ÿ”ต Blue structure -> Daily structure.
๐ŸŸก Yellow structure -> 4h structure.
โšซ๏ธ 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.
์ฝ”๋ฉ˜ํŠธ
์Šค๋ƒ…์ƒท the market is now testing the 4h support, I will be looking for the setup next week being risky to open a position on Friday late session
์ฝ”๋ฉ˜ํŠธ
์Šค๋ƒ…์ƒท

Similar to other EU pair the price is now turning and testing confluences area
์ฝ”๋ฉ˜ํŠธ
์Šค๋ƒ…์ƒท price created a lower low as expected
์ฝ”๋ฉ˜ํŠธ
์Šค๋ƒ…์ƒท running this trade risk free near to TP3
Daily ChartsEUREURNZDNZDTrend Analysis

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