The market retraced back from the previous leg till the 0.618 fib level and the price is ranging between the 2 weekly structures around 1.16500 and 1,19500.
On the , we can see that the price has moved inside an uptrending channel and respected the monthly descending trendline creating a channel cross.
IF the market will break above the top structure we will set a nice long order targeting he next monthly structure.
On the other hand if the price will break below we will check for a retracement move on the fib levels.
Follow the Shrimp 🦐
Here is the Plancton0618 , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.