AUDJPY back to to the 90s? 🦐

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.


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

Commentaire:

so far so good

Commentaire:

tp4