USDJPY on the 4h chart has moved in a series of lower low lower high.
The price after the recent low has retested the previous support, turned resistance, at the 50% of the impulse.
The market can now create a new recent low and we will wait for a potential break of the support at the 0.382 Fibonacci level and look for a nice short order according to the Plancton's strategy rules.
The price after the recent low has retested the previous support, turned resistance, at the 50% of the impulse.
The market can now create a new recent low and we will wait for a potential break of the support at the 0.382 Fibonacci level and look for a nice short order according to the Plancton's strategy rules.
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lower low as epxcted
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a bounce over the support as expected
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possible bearish continuation below the structure