GBPUSD on the daily chart after the recent high at the 1.2500 level retraced over the demand zone at the 0.5 Fibonacci level.
The market created an impulse to the upside after the test of it and open the week with a gap.
Currently the buyers are attempting to break the daily resistance structure and IF the price will manage to move over that level we can move on the 4h chart to set a nice long order according to the Plancton's strategy rules.
The market created an impulse to the upside after the test of it and open the week with a gap.
Currently the buyers are attempting to break the daily resistance structure and IF the price will manage to move over that level we can move on the 4h chart to set a nice long order according to the Plancton's strategy rules.
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bullish pressure
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still looks bullish on the daily
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resistance rejection
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waiting for a break of the daily resistance
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the price breaks above as expected
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approaching the weekly resistance
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retest of the previous high
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waiting for a resistance break
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choppy trading between the 2 structures
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the price is now breaking above
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200 pips delivered here
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possible new recent high
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retest of the support
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new break of the resistan ce
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higher high
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break and retest of the previous highs
