GBPUSD can test the 1.2500 🦐

GBPUSD on the 4h chart is trading at the recent lows.
The price after the last bearish impulse might look for some retracement to the upside.

How can i approach this scenario?

The market tested the 1.2300 area and is now trading below a minor resistance in a descending channel.
I will look for a break of the structure and a possible test of the upper confluence zone.

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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.

Commentaire:

testing the resistance area

Commentaire:

the 1.25 has been reached