EURCHF can break the 1 to 1 key level? 🦐
EURCHF on the 4h chart moved lower near to the key level of 1 to 1.
The price due to the uncertain Euro stability dropped sharply since the beginning of the tension on the Ukrainian war.
From a technical perspective, i could expect some retracement to the upside at the beginning of the week and i will wait for it before considering a new short position.
How can i approach this scenario?
If the price ill retrace to one of our key levels i'll wait for the inversion. In that case, i will search for the application of Plancton's strategy rules to 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
The price due to the uncertain Euro stability dropped sharply since the beginning of the tension on the Ukrainian war.
From a technical perspective, i could expect some retracement to the upside at the beginning of the week and i will wait for it before considering a new short position.
How can i approach this scenario?
If the price ill retrace to one of our key levels i'll wait for the inversion. In that case, i will search for the application of Plancton's strategy rules to set a nice short 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:
the price is bouncing as expected over the support and move to the 0.382
Comment:
retracement reached the 0.5 possibly we can see the 0.618 test
