GBPJPY on a short move 🦐

GBPJPY on the 4h chart after the last retracement reached the 0.5 Fibonacci level over a daily support.
The price can now look for a lower low to the downside below the support structure.

How can i approach this scenario?

I will wait for the possible break of the support level and at that stage, i will look for a possible entry point 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.

Komen:

Looking for the 159 level break

Komen:

breaking the support, as expected