GBPUSD after the long bullish run attempts to break a strong monthly resistance.
The market ended the run with a double top formation over the top trendline of the ascending channel and started a sharp downtrend.
According to Plancton's strategy, If the conditions will be satisfied, we can set a nice short order opportunity.
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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.
The market ended the run with a double top formation over the top trendline of the ascending channel and started a sharp downtrend.
According to Plancton's strategy, If the conditions will be satisfied, we can set a nice short order opportunity.
–––––
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.