GBPUSD on the 4h chart after our previous analysis moved as expected and reached the daily resistance.
After a rejection the market retraced at the 0.5 Fibonacci level.
How can i approach this scenario?
I will wait for the US Open and if the price breaks above i will look for a nice long order.
Being the last trading day of the week there might be some expected moves as usual, be careful.
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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.
After a rejection the market retraced at the 0.5 Fibonacci level.
How can i approach this scenario?
I will wait for the US Open and if the price breaks above i will look for a nice long order.
Being the last trading day of the week there might be some expected moves as usual, be careful.
------
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.