USDJPY on a retracement move 🦐
After the recent drop to the 138 level USDJPY started a retracement move as epxcted.
The market is now testing a minor resistance and a test of the 0,5 Fibonacci level can be expected.
Overall on the big picture, the scenario remains bullish but some deeper retracement can be seen before the end of the year.
I will wait for the test of the fair value and will check if the market will provide us an inversion and in that case, 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 now testing a minor resistance and a test of the 0,5 Fibonacci level can be expected.
Overall on the big picture, the scenario remains bullish but some deeper retracement can be seen before the end of the year.
I will wait for the test of the fair value and will check if the market will provide us an inversion and in that case, 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:
the market breaks above as expected
Comment:
break and retest looking for the 0.5
