GBPCAD after our previous analysis dropped as expected to the 50% retracement where the market tested a support area.
The market then moved to the upside and is currently trading between the 0.382 Fibonacci level and a daily resistance.
How can i approach this scanrio?
According to Plancton's strategy IF the market will break above the structure we can 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 then moved to the upside and is currently trading between the 0.382 Fibonacci level and a daily resistance.
How can i approach this scanrio?
According to Plancton's strategy IF the market will break above the structure we can 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.
تعليق:
breaking above as expected
تعليق:
nailed it
تعليق:
perfect call
تعليق:
a 300 pips call
تعليق:
testing the 0.5 Fib
تعليق:
looking for a bullish continuation
تعليق:
2nd break but not yet new high
تعليق:
test of the 0.618 Fibonacci
