GBPJPY on a retracement move 🦐

GBPJPY on the 4h chart after the attempt to break below the daily support started a retracement move.

The market is now testing the 0.618 Fibonacci level and could probably move to the weekly resistance and the 0.786.

According to Plancton's strategy if the market will provide us a sign of inversion we will 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.

Kommentar:

reached the .786

Kommentar:

moving to the top trendline, no sign of inversion atm

Kommentar:

looking for an inversion