EURGBP after the test of the 0.89 weekly support at the end of November broke the descending channel and created a retracement move exactly until the 0.618 Fibonacci.
The market touches with a spike the 0.786 before turning back down towards the weekly support.
According to Plancton's strategy, we can expect the price to test again the 0.89 level and possibly move to the 0.87 monthly support.
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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 market touches with a spike the 0.786 before turning back down towards the weekly support.
According to Plancton's strategy, we can expect the price to test again the 0.89 level and possibly move to the 0.87 monthly support.
--––
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.