EURCHF can break the 1 to 1 key level? 🦐

EURCHF on the 4h chart moved lower near to the key level of 1 to 1.
The price due to the uncertain Euro stability dropped sharply since the beginning of the tension on the Ukrainian war.

From a technical perspective, i could expect some retracement to the upside at the beginning of the week and i will wait for it before considering a new short position.

How can i approach this scenario?

If the price ill retrace to one of our key levels i'll wait for the inversion. In that case, i will search for the application of Plancton's strategy rules to 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

Yorum:

the price is bouncing as expected over the support and move to the 0.382

Yorum:

retracement reached the 0.5 possibly we can see the 0.618 test