GBPJPY on the 4h chart retraced eperfectly at the 0.618 Fibonacci level exactly at the 169.900 at the previous higher low level.
The price is now trading above a minor support and the actual lower low lower high move has been respected.
How can i approach this scenario?
I will wait for a possible break of the support and in that case, i will consider a nice short order according to the Plancton's's strategy rules.
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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.