USDCHF on the 4h chart creates a series of lower low lower high inside a descending channel.
After the test of the support level at the 0.91 zone the market create an impulse to the upside and is currently testing the previous higher low at a confluence zone.
If the market is able to successfully break above the confluence zone, it could signal that the upward momentum is strong, and that the market is likely to continue moving higher.
In this scenario, a trader could enter a long order when the market breaks above the confluence zone according to the Plancton's strategy rules, with the expectation that the upward trend will continue.
After the test of the support level at the 0.91 zone the market create an impulse to the upside and is currently testing the previous higher low at a confluence zone.
If the market is able to successfully break above the confluence zone, it could signal that the upward momentum is strong, and that the market is likely to continue moving higher.
In this scenario, a trader could enter a long order when the market breaks above the confluence zone according to the Plancton's strategy rules, with the expectation that the upward trend will continue.
Comment:
no clear break yet