GBPUSD on the 4h chart after the test of the previous low started an impulse to the upside.
The price moved between the 0.382 and the 0.5 Fibonacci retracement, accumulate, and is now testing the 0.618.
According to Plancton's strategy if the price will turn and break below the 0.382 support we can set a nice short 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.
The price moved between the 0.382 and the 0.5 Fibonacci retracement, accumulate, and is now testing the 0.618.
According to Plancton's strategy if the price will turn and break below the 0.382 support we can set a nice short 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 is approaching the support area as expected
Comment:
market is moving around the structure area