GBPCAD on the 4h chart os testing a daily support at the 0.382 Fibonacci level.
The price after a consolidation move between 2 structures took the liquidity with a false breakout and broke above the resistance zone.
How can we approach this scenario?
We will wait for the London market open and the weekly activity volumes to kick in,and in the case that the price will break above the 4h resistance (yellow) we will se a nice long order according to the Plancton Academy 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 after a consolidation move between 2 structures took the liquidity with a false breakout and broke above the resistance zone.
How can we approach this scenario?
We will wait for the London market open and the weekly activity volumes to kick in,and in the case that the price will break above the 4h resistance (yellow) we will se a nice long order according to the Plancton Academy 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.
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.