EURGBP on the 4h chart after the expected drop tested with a spike the weekly support area and closed the candle at the 0.886 Fibonacci level.
The scenario remains bearish on this pair and some retracement to the 0.618 Fibonacci level can be seen.
How can i approach this scenario?
I will wait for a possible test of the enlighten level and if the price will provide a new sign of inversion i will consider a nice short 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 scenario remains bearish on this pair and some retracement to the 0.618 Fibonacci level can be seen.
How can i approach this scenario?
I will wait for a possible test of the enlighten level and if the price will provide a new sign of inversion i will consider a nice short 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.
