GBPCAD after. a long downtrend seems to find a short term bottom. The price tested twice the support and is now trading below a confluence between a descending trendline and a minor resistance.
How can i approach this scenario?
I will wait for a potential break of the resistance area and in that case i will be looking for a nice long order according to the Plancton's strategy rules.
โโโโโ Follow the Shrimp ๐ฆ
Keep in mind.
๐ฃ Purple structure -> Monthly structure. ๐ด Red structure -> Weekly structure. ๐ต Blue structure -> Daily structure. ๐ก Yellow structure -> 4h structure. โซ๏ธ 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.