USDCHF on the 4h chart after the test of the weekly support has retraced to the 0.382 Fibonacci level.
The price did not have the strength to create a new recent high and is currently trading above the structure.
How can i approach this scenario?
After yesterday news the price seem to continue on the bearish pressure and IF the market will break below the support area i will consider a nice short order according to the Plancton's strategy rules.
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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 did not have the strength to create a new recent high and is currently trading above the structure.
How can i approach this scenario?
After yesterday news the price seem to continue on the bearish pressure and IF the market will break below the support area i will consider a nice short order according to the Plancton's strategy rules.
--––
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