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 break to the downside.
How can we approach this scenario?
We will wait for a break of the support area and in that case we will search for a possible short order entry according to the Plancton's academy rules.
โโโโโ Follow the Shrimp ๐ฆ
Keep in mind. ๐ฃ Purple structure -> Monthly structure. ๐ด Red structure -> Weekly structure. ๐ต Blue structure -> Daily structure. ๐ก Yellow structure -> 4h structure. โซ๏ธ 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