USDCHF on the 4h chart is trading at the recent highs.
The price is in a bull trend and creates a possible double top below a monthly resistance.
How can I approach this scenario?
I will wait for the EU market open and check for a possible break below the support area.
In that case, i will look for the Plancton's strategy to be satisfied and 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 is in a bull trend and creates a possible double top below a monthly resistance.
How can I approach this scenario?
I will wait for the EU market open and check for a possible break below the support area.
In that case, i will look for the Plancton's strategy to be satisfied and 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:
the market is now testing the support area, we ll be looking for a potential break
