NZDJPY looking for an inversion? 🦐
NZDJPY aftter the recent high hit perfectly the weekly resistance and started a retracement move.
The market is currently moving into a descending channel and approaching the 0.5 Fib support.
According to Plancton's strategy if the price will provide us an inversion over the 0.5 or the 0.618 we will check for a noce 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 is currently moving into a descending channel and approaching the 0.5 Fib support.
According to Plancton's strategy if the price will provide us an inversion over the 0.5 or the 0.618 we will check for a noce 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.
Comment:
support rejection
Comment:
the price reached the 0.618