AUDJPY on the 4h chart is trading above a 4h support.
The price after the bullish impulse never provided us a retracement and tested after the recent high the 0.618 Fibonacci level.
How can i approach this scenario?
I will wait for the London market open and check for a possible break below the support area.
In that case i will look for the application of Plancton's strategy and set a nice short order.
โโโโโ
Follow the Shrimp ๐ฆ
Keep in mind.
๐ฃ Purple structure -> Monthly structure.
๐ด Red structure -> Weekly structure.
๐ต Blue structure -> Daily structure.
๐ก Yellow structure -> 4h structure.
โซ๏ธ 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.