EURJPY on the daily chart is looking for a new all time high.
The market after the retracement into a descending channel tested the 0.5 Fibonacci level and is now moving to the daily resistance.
How can i approach this scenario?
I will wait for the break of the area and in that case i will move on the 4h timeframe to set a nice kong order according to the Plancton's Academy rules.
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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 after the retracement into a descending channel tested the 0.5 Fibonacci level and is now moving to the daily resistance.
How can i approach this scenario?
I will wait for the break of the area and in that case i will move on the 4h timeframe to set a nice kong order according to the Plancton's Academy rules.
--––
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:
the market reached the resistance level
