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InkyGrip
19 Th01 2021 06:37

USDJPy looking up 🦐 GiΓ‘ lΓͺn

U.S. Dollar / Japanese YenFOREX.com

MΓ΄ tαΊ£

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USDJPY after the last impulse retraced until the 0.382 Fibonacci level.
The market tested a few times with descending highs the support at the 103.600 level.
Currently, the price broke the descending trendline and if the condition of the Plancton's strategy will be satisfied, we can set a nice long order.

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Follow the Shrimp 🦐

Keep in mind.

β€’ 🟣 Purple structure -> Monthly structure.
β€’ πŸ”΄ Red structure -> Weekly structure.
β€’ πŸ”΅ Blue structure -> Daily structure.
β€’ 🟑 Yellow structure -> 4h structure.
β€’ ⚫️ 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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the market continue the retracement into a descending channel

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perfect move inside the descending channel
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FXCM
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Great idea! Here's my bearish idea on USDJPY.

InkyGrip
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@FXCM, nice analysis, thanks for sharing
abel11
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Very interesting buy
InkyGrip
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@abel11, thanks a lot my friend 😎
FXtrades-gp
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Perfect setup, nice long opportunity in this triangle pattern πŸ‘ŒπŸ‘Œ
InkyGrip
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@FXtrades-gp, appreciate your comment! Cheers mate
TheSignalyst
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up then down right ;) ?
InkyGrip
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@TheSignalyst, yes a possible set up!
AmithS
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great
ThΓͺm nα»―a