GBPUSD for a lower low ? 🦐
Updated
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 🦐
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.
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.
------
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.
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