CADJPY at the 0.5 fib retracement🦐
CADJPY on the daily chart after the sharp bearish move until the support at the 78.300 level retraced back at 79.300 at the resistance zone.
The price is retesting the ascending trendline of the channel at the 0.5 level of the fib retracement.
IF the price will break and close below the min or 4h support structure we will set a nice short order according to Plancton's strategy
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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 is retesting the ascending trendline of the channel at the 0.5 level of the fib retracement.
IF the price will break and close below the min or 4h support structure we will set a nice short order according to Plancton's strategy
–––––
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.