CHFJPY a bounce at the 0.618? 🦐
CHFJPY on the 4h chart after the double bottom over the daily support started a move inside a range between 2 structure.
The price tested a few times the lower structure exactly at the 0.618 Fibonacci level and now is moving to the upper one.
According to Plancton's strategy if the market will break and close 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 tested a few times the lower structure exactly at the 0.618 Fibonacci level and now is moving to the upper one.
According to Plancton's strategy if the market will break and close 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:
resistance rejection, we need to see a break above