AUDJPY can move lower? 🦐
AUDJPY on the 4h chart on last Friday broke below the support area at the 93 level.
The market is now looking for a retracement and a possible retest of the 0.382 Fibonacci level.
How can i approach this scenario?
I will wait for a retest of the resistance level and at that point if the price will provide an inversion i will check a potential 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.
The market is now looking for a retracement and a possible retest of the 0.382 Fibonacci level.
How can i approach this scenario?
I will wait for a retest of the resistance level and at that point if the price will provide an inversion i will check a potential short order according to the Plancton's strategy rules.
–––––
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.
Comment:
after a test of the 0.618 the market is moving lower
Comment:
after the retest of the area the price will be looking for a bearish mive
