USDCHF on the 4h chart is testing a daily support over an ascending trendline.
The price is creating a bear flag and is testing with a spike the 0.618 Fibonacci retracement.
According to Plancton's strategy IF the price will break below and satisfy the ACADEMY rules we will set a nice short order.
--ββ
Follow the Shrimp π¦
Keep in mind.
π£ Purple structure -> Monthly structure.
π΄ Red structure -> Weekly structure.
π΅ Blue structure -> Daily structure.
π‘ Yellow structure -> 4h structure.
β«οΈ 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 creating a bear flag and is testing with a spike the 0.618 Fibonacci retracement.
According to Plancton's strategy IF the price will break below and satisfy the ACADEMY rules we will set a nice short order.
--ββ
Follow the Shrimp π¦
Keep in mind.
π£ Purple structure -> Monthly structure.
π΄ Red structure -> Weekly structure.
π΅ Blue structure -> Daily structure.
π‘ Yellow structure -> 4h structure.
β«οΈ 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 price moved lower but never break the support as expected