GBPJPY bounce over the 0618 🦐
GBPJPY on the daily chart is moving inside a weekly ascending channel.
The market hit the lower trendline around the 134 area and start an uprising leg.
The price hit a weekly resistance at 137.800 area and retraced back till the 0.618 fib retracement.
IF the market will break and close above the 136.650 area 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.
The market hit the lower trendline around the 134 area and start an uprising leg.
The price hit a weekly resistance at 137.800 area and retraced back till the 0.618 fib retracement.
IF the market will break and close above the 136.650 area 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.
Comment:
Price broke above resistance
Comment:
as expected