NZDJPY on a bearish move? 🦐

NZDJPY on the daily chart is currently testing the weekly support after a few rejections by the strong descending trendline at the highs.
The market right bounce today to the upside to gain the strength for a break below.

How can i approach this scenario?

I will wait for a potential break of the support area and in that case i will look for a nice short order according to the Plancton's strategy rules.
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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.

Yorum:

a retracement to the 0.5 can be expected

Yorum:

perfect 0.618 test