AUDJPY on a lower low 🦐
AUDJPY on the 4h chart is moving within a huge range.
The price after the last bullish impulse took the liquidity at the range's high and is now dropping to the lower support.
The market is testing a weekly ascending trendline and later will probably move to the structure.
How can i approach this scenario?
I will wait for a potential break of the area and if that will happen i will look for a nice short order according to the Plancton's strategy 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 price after the last bullish impulse took the liquidity at the range's high and is now dropping to the lower support.
The market is testing a weekly ascending trendline and later will probably move to the structure.
How can i approach this scenario?
I will wait for a potential break of the area and if that will happen i will look for a nice short order according to the Plancton's strategy 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.
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