GBOCHF a bounce at the 0.5 Fibonacci 🦐

1 Mar 2021

GBPCHF on the 4h chart after the last strong impulse got rejected by the weekly trendline.
The market retraced at the 0.5 Fibonacci level and bounce over a support structure.
According to Plancton's strategy, if the conditions will be satisfied we can set a nice long ordser.

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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.

2 Mar 2021

Not

the market is moving in the expected direction

3 Mar 2021

Not

as expected

4 Mar 2021

Not

Perfect run, as expected

5 Mar 2021

Not

The market is testing the weekly trendline

8 Mar 2021

Not

The market is looking for a retest of the highs

9 Mar 2021

Not

new recent highs and retracement

10 Mar 2021

Not

the market holds the support area

12 Mar 2021

Not

consolidation between 2 structures