GBPUSD after the long bullish run attempts to break a strong monthly resistance.
The market ended the run near to the top trendline of the ascending channel and started a downtrend move.
During next week we can expect a further bearish continuation for a test of the 0.382 Fibonacci level, or even below.
We will wait for confirmation from the market to set an order according to Plancton's strategy.
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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 near to the top trendline of the ascending channel and started a downtrend move.
During next week we can expect a further bearish continuation for a test of the 0.382 Fibonacci level, or even below.
We will wait for confirmation from the market to set an order according to Plancton's strategy.
–––––
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:
The market is moving lower
Comment:
looking for the test of the 1st support area