EURGBP a turn at the 0.786 Fibonacci 🦐

plancton0618 Premium Updated   
FOREXCOM:EURGBP   Euro / British Pound
EURGBP currency pair on a 4-hour chart has dropped to the 0.786 Fibonacci level after experiencing resistance at a weekly level and then falling directly onto a daily support level .
After the drop, the market started to move upward, breaking and retesting the 50% level of the previous impulse.
This suggests that the pair may have found a new level of support and could potentially continue to move upward in the short-term.
The pair has retested the 0.5 Fibonacci level and is currently approaching a minor resistance level .

How can i approach this scenario?

If the market breaks above this resistance level , it could be considered a bullish signal and a potential opportunity for a long order according to the Plancton's strategy rules.
still looking for a break above
breaking above now


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