JPYBASKET SHORTS 📉📉📉📉 Expecting bearish price action on JPY as price touches 9200 institutional figure and takes out liquidity above the old high, the price moved inefficient last week with a lot of imbalances that has been left on the chart. I think on monday we will see a nice retracemnet on JPY meaning XXX JPY pairs bullish.
What do you think ?
Gbp-jpy
GBPJPY on a bearish price action🦐GBPJPY after the confluence rejection is trading above an ascending trendline.
The price creates a double top over the weekly resistance and we can expect the development to the lower side of the chart.
How can we approach this scenario?
We will wait for the break of the trendline and in that case, we will move on the 4h chart to search for the entry of a 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.