EURGBP on a falling wedge? 🦐
Updated
EURGBP on the 4h chart is trading between 2 narrowing trendline.
The price has now reached a support area at the 0.786 Fibonacci level and we can expect some retracement to the upside.
How can i approach this scenario?
I will wait for the EU market open and if the price will break above the 0.618 Fibonacci level i will look for a nice long order according to 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.
The price has now reached a support area at the 0.786 Fibonacci level and we can expect some retracement to the upside.
How can i approach this scenario?
I will wait for the EU market open and if the price will break above the 0.618 Fibonacci level i will look for a nice long order according to Plancton's strategy rules.
–––––
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.
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