USDJPY on a h&s pattern 🦐

27 มิ.ย. 2022

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.

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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

27 มิ.ย. 2022

บันทึก

the market never break yet the neckline