GBPUSD on the 4h chart is trading at the recent lows.
The price after the last bearish impulse might look for some retracement to the upside.

How can i approach this scenario?

The market tested the 1.2300 area and is now trading below a minor resistance in a descending channel.
I will look for a break of the structure and a possible test of the upper confluence zone.

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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 testing the resistance area
ื”ืขืจื”
ืชืžื•ื ืช-ื‘ื–ืง the 1.25 has been reached
240minDaily ChartsGBPGBPUSDTrend AnalysisUSD

ืคืจืกื•ืžื™ื ืงืฉื•ืจื™ื

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