GBPJPY after our previous analysis broke the confluence area and carry on the bull run to the upside.
The price has now reached a minor resistance and retested the 0.5 Fibonacci level.
How can we approach this scenario?
We will wait for a break of the structure and in that case, we will consider a nice long 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.