CADCHF took the liquidity at the 0.618 🦐
CHFJPY on the daily chart is moving inside a retracement channel after the recent high.
The price moved in a lower high lower low pattern over the trendline until the 0.618 Fibonacci level.
At the moment the pair is trading close to a weekly resistance and according to Plancton's strategy if the price will break above we will set a nice long order.
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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.
The price moved in a lower high lower low pattern over the trendline until the 0.618 Fibonacci level.
At the moment the pair is trading close to a weekly resistance and according to Plancton's strategy if the price will break above we will set a nice long order.
––––
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.
Comment:
after yesterday rejection the price moves again to the resistance
Comment:
breaking above the resistance
Comment:
nice move