USDJPY can make new impulse? 🦐
Updated
USDJPY on the 4h chart after the previous idea broke and retest the resistance level as expected.
The price also broke the descending trendline creating a potential long setup opportunity.
How can i approach this scenario?
IF the price will break the minor resistance level we can consider a buying setup 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 price also broke the descending trendline creating a potential long setup opportunity.
How can i approach this scenario?
IF the price will break the minor resistance level we can consider a buying setup 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.
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