EURJPY on the 4h chart after my previous analysis retraced at the 0.786 Fibonacci level.
The market after a distribution phase dropped below a daily resistance and is now back above giving a confirmation of the lower low lower high series.
How can i approach this scenario?
I will wait for the EU market open and if the price will break below 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 market after a distribution phase dropped below a daily resistance and is now back above giving a confirmation of the lower low lower high series.
How can i approach this scenario?
I will wait for the EU market open and if the price will break below 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.
