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.
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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 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.
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the market is moving for a retest as expected
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retest of the support
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as expected
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testing the support
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a 2nd test of the support, if the price will break below it will invalidate the idea
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still testing the support
