NZDJPY an ascending triangle 🦐

NZDJPY on the 4h chart is trading between an ascending trendline and a static resistance.
The price after a few tests of the 2 areas is now trading below the resistance structure.

How can i approach this scenario?

Being the triangle. a continuation pattern i will wait for a possible break of the upper structure and in that case, i will be ready to set a nice long 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.

Kommentar:

a false breakout of the structure

Kommentar:

break and retest as expected

Kommentar:

a first break and retest has happened as expected