GBPUSD after the recent highs created a double top and started a retracement move.
The price reached the 0.786 Fibonacci level before starting an impulse until the 1.38500 area.
IF the market will break and close above and the conditions will be satisfied, according to Plancton's strategy, we will set a nice long 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 price reached the 0.786 Fibonacci level before starting an impulse until the 1.38500 area.
IF the market will break and close above and the conditions will be satisfied, according to Plancton's strategy, we will set a nice long 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.
Comment:
rejection by the resistance