GBMNZD on the 4h chart is moving in a range trading. The price after a bullish impulse reached the 2.0500 level and created a triple top.
How can we approach this scenario?
The market is moving between 2 structures and after a long run we can expect some retracements. If the price will break the lower structure we will check if the move will satisfy the Plancton Academy rules and set a nice short order. --โโ Follow the Shrimp ๐ฆ
Keep in mind. ๐ฃ Purple structure -> Monthly structure. ๐ด Red structure -> Weekly structure. ๐ต Blue structure -> Daily structure. ๐ก Yellow structure -> 4h structure. โซ๏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.