GBPJPY turned at the 0.382 🦐
GBPJPY on the 4h chart broke the descending channel and currently is consolidating below a resistance structure.
The market tested the 0.382 Fibonacci level over a weekly support and now looking for a break above.
According to Plancton's strategy if the price will break above and satisfy the Academy condition, we can 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 market tested the 0.382 Fibonacci level over a weekly support and now looking for a break above.
According to Plancton's strategy if the price will break above and satisfy the Academy condition, we can 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:
testing the structure for a break
Comment:
the price got rejected