Euro / Britisches Pfund
Short
Aktualisiert

EURGBP can move lower? 🦐

EURGBP on the 4h chart is trading within an ascending channel.
The price after the test of the historical string support provided a false breakout of the 0.8300 level and retraced to the upside.
With a test of the 0.8500 weekly resistance the market moved to the descending trendline of a weekly channel and is now moving lower.

How can i approach this scenario?

I will wait for the EU market open and if the price will break below 2 support areas i will check for a nice short 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.
Anmerkung
Snapshot breaking the trendline as expected
Anmerkung
Snapshot

market is moving above the strong support area
Anmerkung
Snapshot a strong support is acting exactly as a strong support
Anmerkung
Snapshot only after a break of the support i ll consider a short
Anmerkung
Snapshot perfect call

Haftungsausschluss

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