GBPCAD bounces over the 0.618 🦐

GBPCAD on the 240 min chart after the last impulse retraced back until the 0.618 Fibonacci level.
The price from there started a new impulse to the upside and now is consolidating below a monthly structure.
IF the market will break above, according to Plancton's strategy, we will set 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.

Commentaire:

the market tested the resistance

Commentaire:

the price is retesting the resistance

Commentaire:

nice pattern formation, ready for the break to the upside