GBPUSD after the recent low is turning for a retracement move.
The market is attempting the break of the resistance zone and a test of the 0.618 Fibonacci level can be expected.
How can i approach this scenario?
I will wait for a potential break of the structure and in that case i will look for a nice long 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.
The market is attempting the break of the resistance zone and a test of the 0.618 Fibonacci level can be expected.
How can i approach this scenario?
I will wait for a potential break of the structure and in that case i will look for a nice long 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.