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Looking at Monthly we're about to have a cut for short on the EMAs, though we still have a bullish due to MACD above 0. Also looking at Weekly we have an ICI, we already have the impulse and the retracement up to the 0.50 of the fibonacci...
The market has recently broke the weekly structure in red and now is just retesting it.
Price has been pushed below few times by the EMA.
According to our strategy we can set a nice short order.
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Follow the Shrimp 🦐
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...
Pattern: Channel Down.
Signal: Bearish as the price is below the 1W MA20.
Target: 11.1000 (potential contact with the 7 year Higher Lows trend-line).
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Previous GBPNOK signal:
Pattern: 1M Channel Up.
Signal: (A) Bullish towards the potential Double Top and (B) Bearish towards the 0.382 Fibonacci retracement.
Target: (A) 11.5200 and (B) 11.1600.
