GBPJPY on the 4h chart broke the descending channel and currently is consolidating below a resistance structure.
The market tested the 0.382 Fibonacci level over a weekly support and now looking for a break above.
According to Plancton's strategy if the price will break above and satisfy the Academy condition, we can set a nice long order.
----
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.