AUDJPY on the daily chart is testing a daily support.
The price after the recent high around the 86 area created a double top and shifted momentum froma bullish to a bearsih one dropping to the confluence support zone at the 79 area.
By looking at the chart we can see that there is a possibily of a lower wave with a lower high lower low formation and IF the market will break and close below the daily structure we can set according to Plancton's strategy a nice short order.
–––––
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 the recent high around the 86 area created a double top and shifted momentum froma bullish to a bearsih one dropping to the confluence support zone at the 79 area.
By looking at the chart we can see that there is a possibily of a lower wave with a lower high lower low formation and IF the market will break and close below the daily structure we can set according to Plancton's strategy a nice short order.
–––––
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.
Note
Note
Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.