GBPUSD on a correction phase 🦐

GBPUSD on the 4h chart broke and retest the dynamic support after the test of the 1.37500 area.
The price on the daily chart is moving in a descending channel and after the test of the upper trendline we can see an inversion.

How do we approach this scenario?

The pair is currently trading above a weekly support (red) and we can expect some more bear pressure.
If the price will break below and satisfy the academy rules we will set a nice short order.

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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.

코멘트:

the market broke as expected the support trendline and is moving lower

코멘트:

testing the support after the bearish leg

코멘트:

nice one

코멘트:

the market reached the support area

코멘트:

the price bounces over the support