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U.S. Dollar / South African Rand
Short

USDZAR testing the structure 🦐

By InkyGrip
Updated
USDZAR on the 4h chart is testing the support area after the test of the 0.382 Fibonacci level.
According to Plancton's strategy if the price will break below we will set a nice short order.
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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.
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snapshot testing the support
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snapshot as expected
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snapshot nice break below as expected
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snapshot looking for a lower low
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snapshot possible flag formation
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snapshot price still moving in the flag
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snapshot still moving inside the channel
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snapshot ready for a break below
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snapshot testing the support
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snapshot the price still move in the channel
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snapshot the price bounce over the support
240min382 Fibonacci RetracementTrend AnalysisUSDUSDZARZAR

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