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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Follow the Shrimp 🦐
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.
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.
–––––
Follow the Shrimp 🦐
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