GBPJPY on the daily moved as expected to the upside.
The price after a triple bottom over a daily support bounced over the weekly ascending trendline.
According to Plancton's strategy if the price will retest the weekly support and provide us a sign of inversion we can look for a nice long order.
----
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 triple bottom over a daily support bounced over the weekly ascending trendline.
According to Plancton's strategy if the price will retest the weekly support and provide us a sign of inversion we can look for a nice long order.
----
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.
Comment:
the market is moving for a retest as expected
Comment:
retest of the support
Comment:
as expected
Comment:
testing the support
Comment:
a 2nd test of the support, if the price will break below it will invalidate the idea
Comment:
Comment:
still testing the support
