NZDJPY on a Fibonacci bounce 🦐
NZDJPY on the 4h chart after the rejection of the weekly resistance started a retracement move.
The market has tested already the 0.382 level but we can see some key support at the 0.5 and the 0.618.
According to Plancton's strategy if the price will provide us a sign of inversion and satisfy the 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 tested already the 0.382 level but we can see some key support at the 0.5 and the 0.618.
According to Plancton's strategy if the price will provide us a sign of inversion and satisfy the 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.
Comment:
0.382 bounce
Comment:
high chance of new recent high