AUDJPY after perfectly bouncing over the monthly support at 73.350 has started a new bullish leg.
The price has reached the descending trendline below a daily structure at the 0.5 fib retracement of the previous leg.
IF the price will break and close above we can set at the retest a nice long order.
IF the price on the other hand will be rejected we will look for a short position.
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.