AUDJPY breaking a daily support 🦐
AUDJPY on the daily chart is moving inside a descending channel.
The price after hitting the upper trendline turn and broke the minor uptrending channel.
Currently, the market is testing a daily resistance and if we see close and retest we can look for a nice short position 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 after hitting the upper trendline turn and broke the minor uptrending channel.
Currently, the market is testing a daily resistance and if we see close and retest we can look for a nice short position 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.
Comment:
continuation of the bearish move
Comment:
market found daily support