GBPSEK on a retracement move 🦐
GBPSEK on the 4chart reached the daily descending trendline and for rejected.
The price is now retracing and we can expect a test of the 0.5 / 0.618 Fibonacci retracement.
According to Plancton's strategy if the price will pèrovide us a sign of inversion we can set a nice order.
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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 is now retracing and we can expect a test of the 0.5 / 0.618 Fibonacci retracement.
According to Plancton's strategy if the price will pèrovide us a sign of inversion we can set a nice 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 still testing the 0.382