EURCHF on the daily chart after the test of the 1.05 level retraced at the 0.618 Fibonacci level. The market, after a few tests of the level started a new impulse and is now trading below a weekly resistance.
How can I approach this scenario?
I will wait for the EU market open and check for a possible break above. After that, I will move to the 4h chart to set a nice long order according to the Plancton's academy 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.