EURJPY for new recent highs - UPDATE - 🦐
Updated
EURJPY on the daily chart is looking for a new all-time high.
The market after the retracement into a descending channel tested the 0.5 Fibonacci level and broke above the daily resistance as expected.
How can i approach this scenario?
I will wait for the EU market open to look for a retest of the support area and set a nice long order according to the Plancton's Academy rules.
Being Friday might be risky to open a trade and waiting for the next week can be safer.
--––
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 retracement into a descending channel tested the 0.5 Fibonacci level and broke above the daily resistance as expected.
How can i approach this scenario?
I will wait for the EU market open to look for a retest of the support area and set a nice long order according to the Plancton's Academy rules.
Being Friday might be risky to open a trade and waiting for the next week can be safer.
--––
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.
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