EURGBP on the 4h chart after the recent high retraced perfectly at the 0.786 Fibonacci level over a daily support.
The price is now testing the resistance below the 0.88 level and a possible break above can be seen.
How can i approach this scenario?
I will wait for the EU market open and IF the market will move above the structure i will consider a nice long order according to the Plancton's strategy rules.
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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 is now testing the resistance below the 0.88 level and a possible break above can be seen.
How can i approach this scenario?
I will wait for the EU market open and IF the market will move above the structure i will consider a nice long order according to the Plancton's strategy rules.
–––––
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:
perfect call
Comment:
resistance rejection