CADJPY on the 4h chart after the test of the weekly support created an impulse to the upside.ò
The market has then slowly retraced in a descending channel to the 0.618 Fibonacci level with a spike and created a solid test of the 0.5.
According to Plancton's strategy if the price will satisfy our Academy rules we will set a nice long 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 market has then slowly retraced in a descending channel to the 0.618 Fibonacci level with a spike and created a solid test of the 0.5.
According to Plancton's strategy if the price will satisfy our Academy rules we will set a nice long 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.