GBPUSD has recently experienced a drop and retested the 0.5 Fibonacci retracement level, exactly where the last supply area was
The price created a spike to grab liquidity at the 0.618 Fibonacci level before dropping lower over a support level. This indicates that there may be some bearish pressure in the market.
If the price breaks below the support level, it could indicate a further downward trend in the price of GBPUSD. In this scenario, you may consider opening a short position to take advantage of the potential downtrend according to the Plancton's strategy rules.
The price created a spike to grab liquidity at the 0.618 Fibonacci level before dropping lower over a support level. This indicates that there may be some bearish pressure in the market.
If the price breaks below the support level, it could indicate a further downward trend in the price of GBPUSD. In this scenario, you may consider opening a short position to take advantage of the potential downtrend according to the Plancton's strategy rules.