USDCHF on the daily chart creates a nice impulse after the test of the 0.618 Fibonacci level.
The price is now trading below a descending trendline near to a weekly resistance.
According to Plancton's strategy, if the market will break above and satisfy our academy rules, we can 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.
The price is now trading below a descending trendline near to a weekly resistance.
According to Plancton's strategy, if the market will break above and satisfy our academy rules, we can 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.
Comment:
retracing to the support
Comment:
the price broke below the daily support and never break the resistance level, the market didn't confirm the strength to the upside