AUDJPY on the 4h chart is moving within a huge range.
The price after the last bullish impulse took the liquidity at the range's high and is now dropping to the lower support.
The market is testing a weekly ascending trendline and later will probably move to the structure.
How can i approach this scenario?
I will wait for a potential break of the area and if that will happen i will look for a nice short order according to the Plancton's strategy rules.
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.