USDCHF on the h chart is trading over a support area.
The price recently moved out from the 2 narrowing trendlines that were creating a falling wedge.
We see an accumulation phase and a possible move to the upside can be expected.
How can i approach this scenario?
After the liquidity grab over the support area the price started a move to the upside and will test the 1st resistance area.
According to Plancton's strategy if the market will break above we will set a nice long 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 recently moved out from the 2 narrowing trendlines that were creating a falling wedge.
We see an accumulation phase and a possible move to the upside can be expected.
How can i approach this scenario?
After the liquidity grab over the support area the price started a move to the upside and will test the 1st resistance area.
According to Plancton's strategy if the market will break above we will set a nice long 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:
clear break will be needed here
Comment:
no break yet