EURJPY after the recent low retraced to the previous resistance level.
The price moved in a series of higher high higher lows and with the CPI news created a powerful red candle.
How can approach this scenario?
I will wait for a potential break of the support area and if that will happen i will be looking for a nice short order according to the Plancton's strategy rules.
--ββ
Follow the Shrimp π¦
Keep in mind.
π£ Purple structure -> Monthly structure.
π΄ Red structure -> Weekly structure.
π΅ Blue structure -> Daily structure.
π‘ Yellow structure -> 4h structure.
β«οΈ 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 moved in a series of higher high higher lows and with the CPI news created a powerful red candle.
How can approach this scenario?
I will wait for a potential break of the support area and if that will happen i will be looking for a nice short order according to the Plancton's strategy rules.
--ββ
Follow the Shrimp π¦
Keep in mind.
π£ Purple structure -> Monthly structure.
π΄ Red structure -> Weekly structure.
π΅ Blue structure -> Daily structure.
π‘ Yellow structure -> 4h structure.
β«οΈ 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:
test of the support area