GBPUSD on a double bottom 🦐

GBPUSD on the 4h chart created a double bottom over a support area.
The price bounced over the area and tested the upper trendline of a descending channel and then retrace at the 0.618 Fibonacci level.

How can i approach this scenario?

I will wait for a potential move to the upside and a break above the structure at the 0.382 level, in that case, i will consider a nice long 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.

ความคิดเห็น:

potential double bottom