GBPCHF a turn at the 0.618 🦐

GBPCHF on the 4h chart is currently testing the 0.618 Fibonacci level.
The price after the attempt to break above the daily resistance created a false breakout started a retracement move in a falling wedge pattern.

How can we approach this scenario?

I will wait for the European market open and, in the case that the market will break above the resistance at the 1.22900 area, we will set a nice long 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.

הערה:

after a deeper retracement at the 0.786 Fib level the price is following what I expect