GBPJPY on a retracement move 🦐
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GBPJPY on the 4h chart is trading at the recent highs.
The price after a long bullish impulse might be looking for a retest of the support area at the 0.382 Fibonacci level.
How can i approach this scenario?
I will wait for the EU market open and search for a break of the support.
In that case, i ll be looking for the Plancton's strategy to set a nice short order.
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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 long bullish impulse might be looking for a retest of the support area at the 0.382 Fibonacci level.
How can i approach this scenario?
I will wait for the EU market open and search for a break of the support.
In that case, i ll be looking for the Plancton's strategy to set a nice short order.
-----
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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