AUDJPY on a weekly resistance 🦐
AUDJPY after bouncing on the 0.382 Fibonacci level of the previous bullish leg created a nice impulse to the upside until the weekly resistance area.
The price couldn't break above yet and created a kind of double top.
We can expect the market to provide us 2 different scenarios.
IF the market will break above the weekly structure, we can set a long order.
If the price instead will break below the daily support 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.
Leave a comment that is helpful or encouraging. Let's master the markets together
The price couldn't break above yet and created a kind of double top.
We can expect the market to provide us 2 different scenarios.
IF the market will break above the weekly structure, we can set a long order.
If the price instead will break below the daily support 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.
Leave a comment that is helpful or encouraging. Let's master the markets together
Comment:
Price follows exactly our drawing!
Comment: