USDCHF can bounce over the 0.618? 🦐
USDCHF on the daily chart hit and got rejected by a weekly resistance around the 0.93 level.
The price retraced in a descending channel till exactly the 0.618 of the previous bullish leg.
If the market will manage to break and close above the daily structure we can set a nice long order according to Plancton stratgy
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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 retraced in a descending channel till exactly the 0.618 of the previous bullish leg.
If the market will manage to break and close above the daily structure we can set a nice long order according to Plancton stratgy
–––––
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:
nice move as expected, we want to see a clear break of the structure next