GBPJPY on the daily chart reached the monthly resistance and got rejected closing the daily candle with a double top higher lowe formation.
The price which is moving inside an ascending channel created with the previous candles a rising wedge and we can expect a break to the lower side.
If the conditions of Plancton's strategy will be satisfied, we can set a nice short 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 price which is moving inside an ascending channel created with the previous candles a rising wedge and we can expect a break to the lower side.
If the conditions of Plancton's strategy will be satisfied, we can set a nice short 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.
Comment:
nice break as expected