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.
βββββ
Follow the Shrimp π¦
Keep in mind.
π£ Purple structure -> Monthly structure.
π΄ Red structure -> Weekly structure.
π΅ Blue structure -> Daily structure.
π‘ Yellow structure -> 4h structure.
β«οΈ 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.
βββββ
Follow the Shrimp π¦
Keep in mind.
π£ Purple structure -> Monthly structure.
π΄ Red structure -> Weekly structure.
π΅ Blue structure -> Daily structure.
π‘ Yellow structure -> 4h structure.
β«οΈ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
Comment:
lower low as expected