GBPUSD on the 4h chart after the recent lows retraced at the 0.5 Fib level below an important resistance.
The market is moving between the 0.5 and the 0.382 level.
How can i approach this scenario?
I will wait for the EU market open and IF the price will break above we will check the opportunity 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 market is moving between the 0.5 and the 0.382 level.
How can i approach this scenario?
I will wait for the EU market open and IF the price will break above we will check the opportunity 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.
Comment:
another test of the 0.5 fib over the support
