GBPUSD on the daily chart after the recent high at the 1.2500 level retraced over the demand zone at the 0.5 Fibonacci level.
The market created an impulse to the upside after the test of it and open the week with a gap.
Currently the buyers are attempting to break the daily resistance structure and IF the price will manage to move over that level we can move on the 4h chart to set a nice long order according to the Plancton's strategy rules.
The market created an impulse to the upside after the test of it and open the week with a gap.
Currently the buyers are attempting to break the daily resistance structure and IF the price will manage to move over that level we can move on the 4h chart to set a nice long order according to the Plancton's strategy rules.
Comment:
bullish pressure
Comment:
still looks bullish on the daily
Comment:
resistance rejection
Comment:
waiting for a break of the daily resistance
Comment:
the price breaks above as expected
Comment:
approaching the weekly resistance
Comment:
retest of the previous high
Comment:
waiting for a resistance break
Comment:
choppy trading between the 2 structures
Comment:
the price is now breaking above
Comment:
200 pips delivered here
Comment:
possible new recent high
Comment:
retest of the support
Comment:
new break of the resistan ce
Comment:
higher high
Comment:
break and retest of the previous highs
