EURGBP has recently lost momentum and couldnt make new highs.
Market Is very close to a top monthly resistance level (purple) which has never been broken.
AT the moment on the daily chart we have 2 possible scenarios:
IF the price will break above the daily structure we can set a short therm long order with low risk being very careful at the monthly resistance.
If the price will break and close below the weekly structure (red) we can set a nice short order according with Plancton's strategy.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
Market Is very close to a top monthly resistance level (purple) which has never been broken.
AT the moment on the daily chart we have 2 possible scenarios:
IF the price will break above the daily structure we can set a short therm long order with low risk being very careful at the monthly resistance.
If the price will break and close below the weekly structure (red) we can set a nice short order according with Plancton's strategy.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
Comment:
Market respected the structures, still waiting for a clear break
