USDPY on the 4h chart after an incredible bullish run has retraced over a support around the 147 level.
The market is currently trading above the structure and during this week some big news such as FOMC today and the NFP on Friday might affect the US pairs.
How can i approach this scenario?
I will wait for the price to break and close below the level and if that happen i will consider 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 ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
The market is currently trading above the structure and during this week some big news such as FOMC today and the NFP on Friday might affect the US pairs.
How can i approach this scenario?
I will wait for the price to break and close below the level and if that happen i will consider 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.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Comment:
looking for a lower low
Comment:
lower low achieved
