GBPCAD bounces over the 0.618 🦐
GBPCAD on the 240 min chart after the last impulse retraced back until the 0.618 Fibonacci level.
The price from there started a new impulse to the upside and now is consolidating below a monthly structure.
IF the market will break above, according to Plancton's strategy, we will set a nice long order.
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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 price from there started a new impulse to the upside and now is consolidating below a monthly structure.
IF the market will break above, according to Plancton's strategy, we will set a nice long order.
–––––
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:
the market tested the resistance
Comment:
the price is retesting the resistance
Comment:
nice pattern formation, ready for the break to the upside