USDJPY on a h&s pattern ðĶ
āļāļĩāđāļāļąāļāđāļāļ:
USDJPY on the 4h timeframe is trading at the recent highs over a static support area.
The price after a long bull run might look for some bearish retracement and is currently creating a potential head and shoulder pattern..
How can we approach this scenario?
We will wait for a break of the neckline and in that case we will search for a possible short order entry according to the Plancton's academy rules.
âââââ
Follow the Shrimp ðĶ
Keep in mind.
ðĢ Purple structure -> Monthly structure.
ðī Red structure -> Weekly structure.
ðĩ Blue structure -> Daily structure.
ðĄ Yellow structure -> 4h structure.
âŦïļ 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 price after a long bull run might look for some bearish retracement and is currently creating a potential head and shoulder pattern..
How can we approach this scenario?
We will wait for a break of the neckline and in that case we will search for a possible short order entry according to the Plancton's academy rules.
âââââ
Follow the Shrimp ðĶ
Keep in mind.
ðĢ Purple structure -> Monthly structure.
ðī Red structure -> Weekly structure.
ðĩ Blue structure -> Daily structure.
ðĄ Yellow structure -> 4h structure.
âŦïļ 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
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