GBPUSD on the 4h chart after the recent low retraced back at the 0.786 Fibonacci level at a significant supply zone .
The price turned back into a bearish scenario and i currently testing the 0.5 Fibonacci area.
How can i approach this scenario?
I will wait for the EU market open and IF the market will break below i will look for a nice short order according to the Plancton's strategy rules.
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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.
The price turned back into a bearish scenario and i currently testing the 0.5 Fibonacci area.
How can i approach this scenario?
I will wait for the EU market open and IF the market will break below i will look for a nice short order according to the Plancton's strategy rules.
------
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.