EURGBP on the 4h chart is trading at the weekly resistance area.
The price after the test of the 0.618 level moved to the 0.5 area and is now trading below the 0.382 Fibonacci level.
How can i approach this scenario?
I will wait for the break above the structure and in that case, i will look for a possible long entry 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.
The price after the test of the 0.618 level moved to the 0.5 area and is now trading below the 0.382 Fibonacci level.
How can i approach this scenario?
I will wait for the break above the structure and in that case, i will look for a possible long entry 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:
some more consolidation before a break
