NZDUSD 4h analysis 🦐

NZDUSD on the 4h chart reached as expected the monthly support at the 0.62500 level.
The market is now looking for a retracement and can move to the 0.5 Fibonacci level.

How can i approach this scenario?

The main trend remain bearish so I will wait for the end of the retracement and look for the best inversion point to set a nice short 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.

Yorum:

bearish continuation

Yorum:

following my expectation

Yorum:

perfect 0.618 test