GBPJPY bounce over the 0618 🦐

GBPJPY on the daily chart is moving inside a weekly ascending channel.
The market hit the lower trendline around the 134 area and start an uprising leg.
The price hit a weekly resistance at 137.800 area and retraced back till the 0.618 fib retracement.
IF the market will break and close above the 136.650 area we can set a nice long order according to Plancton's strategy.

–––––
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.

Commento:

Price broke above resistance

Commento:

as expected