EURJPY on the 4h chart is testing the recent highs.
The market after the last bullish impulse creates 2 equals highs and is now trading over a minor support.
How can i approach this scenario?
I will wait for the EU market open and check for a possible break of the area.
In that case i will check the opportunity 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 the last bullish impulse creates 2 equals highs and is now trading over a minor support.
How can i approach this scenario?
I will wait for the EU market open and check for a possible break of the area.
In that case i will check the opportunity 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.
Comment:
the market broke below as expected