EURGBP on the monthly chart is close to a very important level around 0.92300.
On the weekly chart, we can see how price after the nice impulse bullish candle retraced back until the weekly support at 0.90500.
ON the daily chart, price hit perfectly the 0.618 fib level at the end of the retracement move over a daily structure.
IF the price during next week will break and close above the 0.91100 and consequently break the channel we will look for me test of the monthly resistance.
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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.
On the weekly chart, we can see how price after the nice impulse bullish candle retraced back until the weekly support at 0.90500.
ON the daily chart, price hit perfectly the 0.618 fib level at the end of the retracement move over a daily structure.
IF the price during next week will break and close above the 0.91100 and consequently break the channel we will look for me test of the monthly resistance.
–––––
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.
