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InkyGrip
Oct 16, 2020 7:37 AM

USDJPY can break the daily resistance? 🦐 Long

FOREXCOM:USDJPY240
U.S. Dollar / Japanese YenFOREX.com

Description

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USDJPY is trading near to an important structure at 105.300.
The price broke below but found support over the ascending trendline of the channel.
IF the market will break back above the structure we can set a nice long order according to Plancton's strategy.
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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.

Comment

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Market follows exactly our drawing.
Trend AnalysisUSDJPYUSDjpyAscending Channel240minreistance
Comments
VasilyTrader
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Very good analysis, my friend! Here is what I see:
InkyGrip
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@VasilyPonomarev, nice analysis my friend 🦐
KlejdiCuni
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The structure zone for the head and shoulder looks very strong. Very good target for taking profits. Thanks for sharing!
InkyGrip
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@KlejdiCuni, yes! thanks buddy 🔥🚀
Helical_Trades
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let see if channel can hold it or not !
nice job mate
InkyGrip
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@Helical_Trades, thanks mate, we would wait a cofirmation of it! Appreciate it
muqeetforex
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@plancton0618, lets see what happen
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