GBPAUD testing a 4h resistance 🦐
GBPAUD on the daily chart is moving inside an ascending channel.
The market after touching the lower trendline attempt to break below and got rejected started a new impulse.
Price retraced back until the 0.618 inside a descending channel and now look for the break of it.
IF the price will break and close above the minor resistance area, we will 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 market after touching the lower trendline attempt to break below and got rejected started a new impulse.
Price retraced back until the 0.618 inside a descending channel and now look for the break of it.
IF the price will break and close above the minor resistance area, we will 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.