NZDCHF turns at the 0.618 🦐
NZDCHF after the recent high started a retracement move.
The price reached the daily support and tested the 0.618 Fibonacci retracement.
At the moment the market is over an important confluence zone which is created by a trendline and a structure.
According to Plancton's strategy if the price will break below and satisfy the academy conditions 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.
The price reached the daily support and tested the 0.618 Fibonacci retracement.
At the moment the market is over an important confluence zone which is created by a trendline and a structure.
According to Plancton's strategy if the price will break below and satisfy the academy conditions we will 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:
testing the support
Comment:
testing the trendline
Comment:
a bounce over the support