GBPJPY after our previous calls reached the 168 level providing us an almost 4% run since our first call.
The price after such a string impulse reached the supply zone and might look for some retracement.
How can i approach this scenario?
Currently, the market is trading above a support area and if the price will break below i will check for a nice short order according to the Plancton's strategy rules.
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Follow the Shrimp ðĶ
Keep in mind.
ðĢ Purple structure -> Monthly structure.
ðī Red structure -> Weekly structure.
ðĩ Blue structure -> Daily structure.
ðĄ Yellow structure -> 4h structure.
âŦïļ 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.