GBPJPY possible scenarios 🦐

Updated
GBPJPY on the daily chart is trading below a weekly structure.

The price after a few test of the daily support at the 148.820 area started a retracement move to the upside and is moving to the 0.618 level.

According to Placton's strategy if the price will provide us a sign of inversion we will set a nice short order, if the market instead will break above at the retest of it we can consider a long position.

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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.
Note
snapshot testing the resistance
Note
snapshot market reached a confluence zone
Note
snapshot price rejected by the confluence zone
Note
snapshot price look for the break above
0618240min618 Fibonacci RetracementDaily ChartsGBPGBPJPYjpyTrend AnalysisWeekly Charts

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