GBPUSD on the 4h chart has is close to these the recent lows.
The price after a minor bounce at the 0.5 Fibonacci levels turning back to to possibly test the 1.24 area.

How can i approach this scenario?

I will wait for the potential break and close below the support and in that case i will set a nice short order according to the Plancton's strategy rules.
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Follow the Shrimp ๐Ÿฆ

Keep in mind.
๐ŸŸฃ Purple structure -> Monthly structure.
๐Ÿ”ด Red structure -> Weekly structure.
๐Ÿ”ต Blue structure -> Daily structure.
๐ŸŸก Yellow structure -> 4h structure.
โšซ๏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.
ื”ืขืจื”
ืชืžื•ื ืช-ื‘ื–ืง breaking below as expected
ื”ืขืจื”
ืชืžื•ื ืช-ื‘ื–ืง 202 pips
ื”ืขืจื”
ืชืžื•ื ืช-ื‘ื–ืง looking for a lower low
240minFibonacci RetracementGBPGBPUSDTrend AnalysisUSD

ื›ืชื‘ ื•ื™ืชื•ืจ