AUDJPY on the upper trendline 🦐
AUDJPY after perfectly bouncing over the monthly support at 73.350 has started a new bullish leg.
The price has reached the descending trendline below a daily structure at the 0.5 fib retracement of the previous leg.
IF the price will break and close above we can set at the retest a nice long order.
IF the price on the other hand will be rejected we will look for a short position.
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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 has reached the descending trendline below a daily structure at the 0.5 fib retracement of the previous leg.
IF the price will break and close above we can set at the retest a nice long order.
IF the price on the other hand will be rejected we will look for a short position.
–––––
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:
perfect break and restest
Comment:
price now testing the trendline
Trade closed: target reached