EURGBP on the daily chart after the recent low sharply inverted the trend and started a strong impulse to the upside.
I can see the price testing the 0.618 and the 0.5 Fibonacci level and come back for a new test and a potential break.
How can we approach this scenario?
I will monitor the market to check a possible break above the 0.84 area.
In that case i will look for a potential entry according to the Plancton's strategy rules.
âââââ
Follow the Shrimp đŠ
Keep in mind.
đŁ Purple structure -> Monthly structure.
đŽ Red structure -> Weekly structure.
đ” Blue structure -> Daily structure.
đĄ Yellow structure -> 4h structure.
â«ïž 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.
I can see the price testing the 0.618 and the 0.5 Fibonacci level and come back for a new test and a potential break.
How can we approach this scenario?
I will monitor the market to check a possible break above the 0.84 area.
In that case i will look for a potential entry according to the Plancton's strategy rules.
âââââ
Follow the Shrimp đŠ
Keep in mind.
đŁ Purple structure -> Monthly structure.
đŽ Red structure -> Weekly structure.
đ” Blue structure -> Daily structure.
đĄ Yellow structure -> 4h structure.
â«ïž 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.
Kommentera:
the price is now moving to the new resistance area as expected
Kommentera:
the daily resistance holds the price at the moment
Kommentera:
resistance rejection
