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InkyGrip
May 17, 2021 5:11 AM

CHFHUF for a lower low 🦐 Short

Swiss Franc / Hungarian ForintFOREX.com

Description

After the test of the 0.618 Fibonacci level at the 330 area, CHFHUF has turned into a bearish scenario.
The price is now testing a weekly trendline above a support and according to Plancton's strategy if the market will break below we will set a nice short 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.

Comment

as expected

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as expected

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bearish continuation

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consolidation at the lows

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lower low

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retest of the resistance
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