GBPJPY on the 4h chart after the last retracement reached the 0.5 Fibonacci level over a daily support.
The price can now look for a lower low to the downside below the support structure.
How can i approach this scenario?
I will wait for the possible break of the support level and at that stage, i will look for a possible entry point to set a nice short order according to the Plancton's strategy rules.
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Follow the Shrimp ๐ฆ
Keep in mind.
๐ฃ Purple structure -> Monthly structure.
๐ด Red structure -> Weekly structure.
๐ต Blue structure -> Daily structure.
๐ก Yellow structure -> 4h structure.
โซ๏ธ 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.