USDJPY on the 4h after the recent low retraced at the 0.618 Fibonacci level.
The price after a long bull run might look for some more bearish retracement and is currently creating a potential break to the downside.
How can we approach this scenario?
We will wait for a break of the support area and in that case we will search for a possible short order entry according to the Plancton's academy rules.
–––––
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
The price after a long bull run might look for some more bearish retracement and is currently creating a potential break to the downside.
How can we approach this scenario?
We will wait for a break of the support area and in that case we will search for a possible short order entry according to the Plancton's academy rules.
–––––
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
Komentarz:
an easy 250 pips call
Komentarz:
bearish continuation
Komentarz:
looking for a lower low