CADJPY will retest the support? 🦐

CADJPY after our last analysis broke the range and created an impulse untile the 83.700 level over a daily structure.
The price is close to the upper trendline of the channel and according to Plancton's strategy, if the market will retest the support and give us a sign of inversion we can set a nice long position.

–––––
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.

Note

the market is testing the support

Note

as expected

Note

the market bounced as expected

Note

the market retest the upper trendline

Note

retest of support

Note

nice impsule as expected

Note

bullish continuation

Note

Rejection by the upper trendline of the channel

Note

possible continuation inside the channel

Note

The market is testing the weekly support

InkyGrip

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

InkyGrip