GBPUSD for a new low🦐

GBPUSD on the 4h chart is trading at the recent lows.
The market after the break of the monthly support has retraced for a test of the 0.618 Fibonacci level and is currently testing the 1.20 area.

How can i approach this scenario?

I will wait for a potential break of the structure and in that case i will look for 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.

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ready for the lowe low

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