AUDJPY back to to the 90s? 🦐
AUDJPY on the 4h chart is trading above a 4h support.
The price after the bullish impulse never provided us a retracement and tested after the recent high the 0.618 Fibonacci level.
How can i approach this scenario?
I will wait for the London market open and check for a possible break below the support area.
In that case i will look for the application of Plancton's strategy and set a nice short order.
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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.
The price after the bullish impulse never provided us a retracement and tested after the recent high the 0.618 Fibonacci level.
How can i approach this scenario?
I will wait for the London market open and check for a possible break below the support area.
In that case i will look for the application of Plancton's strategy and set a nice short 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.
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