GBPUSD on a confluence area 🦐
GBPUSD on the daily chart is moving in a descending channel.
The price is now close to the upper trendline after a long uptrend.
According to Plancton's strategy, we can expect some retracement to the lower support and If the market will gain the strength to break above we will 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 price is now close to the upper trendline after a long uptrend.
According to Plancton's strategy, we can expect some retracement to the lower support and If the market will gain the strength to break above we will 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.
Kommentar:
moving to the support as a retracement