USDJPY after our previous ideas continues the bearish momentum as expected.
The market dropped to a daily support level and broke the ascending trendline.
How can i approach this scenario?
I will wait for a possible retracement on the 4h timeframe and IF the price will provide us a sign of inversion i will set 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 market dropped to a daily support level and broke the ascending trendline.
How can i approach this scenario?
I will wait for a possible retracement on the 4h timeframe and IF the price will provide us a sign of inversion i will set a nice short order according to the Plancton's strategy 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.
Komentar:
lower low as expected
