EURJPY looking for the 50% 🦐

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.

הערה:

inversion around the 50%

הערה:

perfect idea

הערה:

a new low

הערה:

perfect cal, for this 490 pips call