NZDUSD can move higher? 🦐

NZDUSD on the 4h chart reached the monthly support area after a long bearish impulse.
The price tested the structure and bounced over it, starting a retracement to the upside.

How can i approach this scenario?

I will wait for the EU market open and the potential break of the minor structure area, in that case, i will search for a nice long entry 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.

Comentário:

the price broke above the structure as expected

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perfect break and retest

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after a last retest the price is now moving higher

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moving to the upside as expected

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the market moved to the monthly resistance as expected

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test of the monthly resistance

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resistance rejection

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a 193 pips call

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the price moves higher

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the market tested the 0.65600 and starts a retracement move

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break and retest of the support area

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possible bull flag continuation

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ascending channel formation