GBPCAD can break above? 🦐

GBPCAD after our previous analysis dropped as expected to the 50% retracement where the market tested a support area.
The market then moved to the upside and is currently trading between the 0.382 Fibonacci level and a daily resistance.

How can i approach this scanrio?

According to Plancton's strategy IF the market will break above the structure we can set 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.

Commentaire:

breaking above as expected

Commentaire:

nailed it

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perfect call

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a 300 pips call

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testing the 0.5 Fib

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looking for a bullish continuation

Commentaire:

2nd break but not yet new high

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test of the 0.618 Fibonacci