EURGBP on the weekly chart created a double bottom on the 0.5 fib retracement level of the previous impulse.
The price on the daily chart moved inside a descending channel that has been broken during this week with a nice bullish impulse.
The market then retraced at the 0.5 fib level over a daily structure.
IF the price will break above the daily structure at 0.90400 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.
Leave a comment that is helpful or encouraging. Let's master the markets together.
The price on the daily chart moved inside a descending channel that has been broken during this week with a nice bullish impulse.
The market then retraced at the 0.5 fib level over a daily structure.
IF the price will break above the daily structure at 0.90400 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.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Comment:
as expected
Comment:
price tested again with a spike the weekly resistance. High volatility in gbp