plancton0618

EURJPY rejcted by a key resistance 🦐

Short
FX:EURJPY   Euro / Japanese Yen
EURJPY on the weekly chart hit and got rejected for the 3rd time by a weekly resistance.
Market that moved inside an uptrending channel till now is losing a bit of the bullish momentum and probably will look for a retracement.
IF the price will break and close below the first 4h structure and consequently break the channel we can expect the market to reach the 0.382 fib level , at that point we will check how price react for a possible break till the 0.618.

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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 Plancton0618 strategy will trigger.

Comment: market broke below and reach the 0.382 level
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Comments

Great chart...bro. euro is very strong. Doller very low...
Reply
plancton0618 Rohan_Jas
@Rohan_Jas, Appreciate your comment!
Reply
Nice explanation
Reply
plancton0618 CandaceWilliams
@CandaceWilliams, Thanks mate
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