EURGBP on the daily chart after the move up until the recent highs retraced in a choppy move creating a wedge formation.
The price just hit the 0.618 fib retracement over weekly support.
IF the market will move back above 0.90700 and consequently break the wedge and the minor resistance area, we can set a nice long 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 price just hit the 0.618 fib retracement over weekly support.
IF the market will move back above 0.90700 and consequently break the wedge and the minor resistance area, we can set a nice long 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:
Price is breaking above. As expected
Comment:
break and retest of structure
Comment:
another test of the 0.618
Comment:
Nice break as expected