EURJPY on the 4h chart has tested a confluence zone and is currently retracing to the upside.
The price after the drop might look for the 50% retracement and we will monitor the pie around that area.
How can i approach that scenario?
I will wait for a possible inversion around a a FIB zone and if that will happen i will search for a nice short order according to the Plancton's strategy rules.
Being the last trading week of the year we might see some low volumes in the market.
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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 price after the drop might look for the 50% retracement and we will monitor the pie around that area.
How can i approach that scenario?
I will wait for a possible inversion around a a FIB zone and if that will happen i will search for a nice short order according to the Plancton's strategy rules.
Being the last trading week of the year we might see some low volumes in the market.
--––
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.
Commento:
inversion around the 50%
Commento:
perfect idea
Commento:
a new low
Commento:
perfect cal, for this 490 pips call
