EURGBP bounces over the 0.618 🦐
Updated
EURGBP on the daily chart after touching the 0.92600 area at the monthly resistance started a long retracement until the weekly support at 0.88900.
The price bounce exactly over the weekly structure that corresponds to the 0.618 Fibonacci level of the previous bullish leg and from there created a nice impulse.
IF the price during next week will break the resistance area at 0.89900 and consequently breaks the descending channel, we will set a nice long order according to Plancton's strategy.
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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.
Leave a comment that is helpful or encouraging. Let's master the markets together.
The price bounce exactly over the weekly structure that corresponds to the 0.618 Fibonacci level of the previous bullish leg and from there created a nice impulse.
IF the price during next week will break the resistance area at 0.89900 and consequently breaks the descending channel, we will set a nice long order according to Plancton's strategy.
--––
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.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Note
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