GBPUSD after testing with a spike retraced at the 0.886 Fibonacci level and is looking for direction.
The market overall remains in a bullish trend in the short term and a new recent high can be seen.
How can i approach this scenario?
I will wait for a possible break of the resistance area and if that happen i will set a nice long order according to the Plancton's strategy rules.
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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 overall remains in a bullish trend in the short term and a new recent high can be seen.
How can i approach this scenario?
I will wait for a possible break of the resistance area and if that happen i will set a nice long order according to the Plancton's strategy rules.
------
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 now the resistance, a clear break will be needed
Comment:
1,21 reached as epxected
Comment:
minor retracement at the end of the week
Comment:
test of the 0.382 after the recent high