GBPUSD on the 4h chart is trading at the recent low between 2 narrowing trendline.
The market has been in a bearish trend for a long time and some retracement to the upside can be expected.
How can i approach this scenario?
I will wait for a sign of inversion and if the price will satisfy the academy rules i 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 market has been in a bearish trend for a long time and some retracement to the upside can be expected.
How can i approach this scenario?
I will wait for a sign of inversion and if the price will satisfy the academy rules i 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:
waiting for the US open