USDJPY on the 4h timeframe reached a new high above a monthly structure.
Being that level is quite a strong one it is possible that the price will close the trading week below it especially after a long bull trend.
How can we approach this scenario?
We will wait for a break of the trendline and in that case we will search for a possible short order entry according to the Plancton's academy 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
Being that level is quite a strong one it is possible that the price will close the trading week below it especially after a long bull trend.
How can we approach this scenario?
We will wait for a break of the trendline 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
