GBPJPY test the 0.618 🦐

GBPJPY on the daily chart after the recent highs reached the 0.618 Fibonacci level over a daily support.
The price can now look for a retracement to the upside before a new leg down in an ABC pattern.

How can i approach this scenario?

I will wait for the possible test of the 0.382 or the 0.5 Fibonacci level and at that stage i will look for a possible inversion to 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.

ความคิดเห็น:

after the false breakout the market is retracing to the upside as expected

ความคิดเห็น:

moving to the 0.382 level

ความคิดเห็น:

test of the 0.382 and move to the downside as epxcted

ความคิดเห็น:

exactly the bounce on the 0.382 we were expecting for