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Structureshort

COTIUSDT is testing the daily resistanceThe price had a breakout from the descending channel and created a rounded bottom above the weekly support. on the 4h timeframe, the price is testing the 0.3$ resistance and the market is in a consolidation phase between the weekly and daily structures. The price already retested a Fibonacci level of the 0.382 Fibonacci level How to approach? The price needs a new breakout from the confluence zone, above the 0.31$ with the retest. So if the price is going to have a breakout, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
4
A Look at Structure on USDJPYHey traders, Been seeing a lot talk on the chat about this pair, so just wanted to give you my outlook as well. By the look of price action, its indicating to me bearish. There was a cypher on the Hourly timeframe that allowed me to enter short, however, we might see a push up higher before we get the continuation lower. Remember, to follow your plan and don't trade anything that just looks good. I have been testing these strategies for a while so I know what works for me, it doesn't mean it will work for you. Hope this helps, if you have any questions feel free to comment below.
Short
by TheAlcoveFx