GBPJPY on the 4h chart after the last retracement reached the 0.5 Fibonacci level over a daily support.
The price can now look for a lower low to the downside below the support structure.
How can i approach this scenario?
I will wait for the possible break of the support level and at that stage, i will look for a possible entry point to 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.
The price can now look for a lower low to the downside below the support structure.
How can i approach this scenario?
I will wait for the possible break of the support level and at that stage, i will look for a possible entry point to 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.
Comentário:
Looking for the 159 level break
Comentário:
breaking the support, as expected
