EURGBP on the daily chart after the perfect test of the monthly support sharply inverted the trend and is now breaking the descending trendline.
I can see the price testing the daily resistance and possibly breaking above.
How can we approach this scenario?
Being Friday might be risky to open a position in the US session but i will monitor the market to check a possible break above the 0.84250 area.
In that case i will move on the 4h timeframe to check for a potential entry according to the Plancton's strategy rules.
āāāāā
Follow the Shrimp š¦
Keep in mind.
š£ Purple structure -> Monthly structure.
š“ Red structure -> Weekly structure.
šµ Blue structure -> Daily structure.
š” Yellow structure -> 4h structure.
ā«ļø 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.
I can see the price testing the daily resistance and possibly breaking above.
How can we approach this scenario?
Being Friday might be risky to open a position in the US session but i will monitor the market to check a possible break above the 0.84250 area.
In that case i will move on the 4h timeframe to check for a potential entry according to the Plancton's strategy rules.
āāāāā
Follow the Shrimp š¦
Keep in mind.
š£ Purple structure -> Monthly structure.
š“ Red structure -> Weekly structure.
šµ Blue structure -> Daily structure.
š” Yellow structure -> 4h structure.
ā«ļø 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.
Note
Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.