GBPCAD looking for the 0.382 ðĶ
GBPCAD on the daily chart after a long downtrend is possibly looking for a retracement move.
The price is trading below a daily structure and a possible break above can be seen during the current week.
How can we approach this scenario?
We will wait for the London market open and the daily activity volumes to kick in,and in the case that the price will break above the daily resistance we will move on the 4h timeframe and search for a nice long order according to the Plancton Academy rules.
âââââ
Follow the Shrimp ðĶ
Keep in mind.
ðĢ Purple structure -> Monthly structure.
ðī Red structure -> Weekly structure.
ðĩ Blue structure -> Daily structure.
ðĄ Yellow structure -> 4h structure.
âŦïļ 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 trading below a daily structure and a possible break above can be seen during the current week.
How can we approach this scenario?
We will wait for the London market open and the daily activity volumes to kick in,and in the case that the price will break above the daily resistance we will move on the 4h timeframe and search for a nice long order according to the Plancton Academy rules.
âââââ
Follow the Shrimp ðĶ
Keep in mind.
ðĢ Purple structure -> Monthly structure.
ðī Red structure -> Weekly structure.
ðĩ Blue structure -> Daily structure.
ðĄ Yellow structure -> 4h structure.
âŦïļ 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.
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
the resistance works at the moment, no break yet
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
pushing now for a break
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
the market is now breaking above
