CADJPY on the channel bottom 🦐

CADJPY on the daily chart hit the bottom trendline of the ascending channel at 78.500 area.
On the 4 h chart the price start to range between 2 structure at 78.500 and 79.000.
IF the price will break above the daily strcyure we can set a nice long order according to Plancton's strategy.
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Follow the Shrimp 🦐

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 Plancton0618 strategy will trigger.

Note

perfect test of the upper trendline, we need to see a clear close above the structure.

Note

price still respecting the minor channel structures.

Note

Nice break and impulse. As expected

Note

Break and retest, now higher high.

Trade closed: target reached

InkyGrip

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InkyGrip