EURJPY looking up 🦐

31 בינו׳ 2022EURJPY on the 4h timeframe has been trading in a typical lower low lower high move and reached the weekly support area.
The market after the break of the 2 converging trendlines which can be identified as a falling wedge (reversal pattern) starts to consolidate between 2 structures.

How can we approach this scenario?

We will monitor the market open and wait for a possible break of the resistance area, at retest of it we will check for the application of the Plancton Academy rules application and set a nice long order.

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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 questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger

31 בינו׳ 2022

הערה

a resistance rejection

1 בפבר׳ 2022

הערה

the market is following my drawing, after the break, there is a consolidation above the strcuture