GBOCHF a bounce at the 0.5 Fibonacci 🦐

Mar 1, 2021

GBPCHF on the 4h chart after the last strong impulse got rejected by the weekly trendline.
The market retraced at the 0.5 Fibonacci level and bounce over a support structure.
According to Plancton's strategy, if the conditions will be satisfied we can set a nice long ordser.

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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.

Mar 2, 2021

Note

the market is moving in the expected direction

Mar 3, 2021

Note

as expected

Mar 4, 2021

Note

Perfect run, as expected

Mar 5, 2021

Note

The market is testing the weekly trendline

Mar 8, 2021

Note

The market is looking for a retest of the highs

Mar 9, 2021

Note

new recent highs and retracement

Mar 10, 2021

Note

the market holds the support area

Mar 12, 2021

Note

consolidation between 2 structures