EURGBP on a falling wedge? 🦐

EURGBP on the 4h chart is trading between 2 narrowing trendline.
The price has now reached a support area at the 0.786 Fibonacci level and we can expect some retracement to the upside.

How can i approach this scenario?

I will wait for the EU market open and if the price will break above the 0.618 Fibonacci level i will look for a nice long order according to Plancton's strategy rules.

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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.

Yorum:

as expected

Yorum:

as expected 106 pips delivered