USDCHF after the double top over the resistance level at the 0.92600 area started a retracement move inside a descending channel.
The market is now testing the lower trendline and we can expect some retracement move.
According to Pkancton's strategy if the price will retest the resistance and provide us a sign of inversion we will 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.
The market is now testing the lower trendline and we can expect some retracement move.
According to Pkancton's strategy if the price will retest the resistance and provide us a sign of inversion we will 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:
bearish continuation here
Comment:
testing the support
Comment:
false breakout over the daily support