EURCHF on the 4h chart is moving in a descending trend.
The price after the recent low retest the resistance at the 0.618 Fibonacci retracements creating a possible triangle pattern.
How can we approach this scenario?
Currently, the market is testing once again the structure area and if the pair will break below the ascending trendline we will search for an entry point according to the Plancton's strategy rules.
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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 after the recent low retest the resistance at the 0.618 Fibonacci retracements creating a possible triangle pattern.
How can we approach this scenario?
Currently, the market is testing once again the structure area and if the pair will break below the ascending trendline we will search for an entry point according to the Plancton's strategy rules.
--––
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 as expected
Comment:
after this 75 pips call i expect a break of support
