EURCHF after the break of the major descending channel on the weekly chart is now moving inside an ascending channel.
The price attempt to break a few times the monthly resistance structure at 1.08300 without success.
On the daily chart after the last attempt to break above the structure the market got pushed back at the 0.618 fib retracement.
IF the price will break above the 0.382 Fibonacci level we can look for a once long order for a new test of the structure and the upper trendline.
IF the price instead will break below the 0.618 we will look for a short position according to Pkancton's strategy.
--––
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.
Leave a comment that is helpful or encouraging. Let's master the markets together.
The price attempt to break a few times the monthly resistance structure at 1.08300 without success.
On the daily chart after the last attempt to break above the structure the market got pushed back at the 0.618 fib retracement.
IF the price will break above the 0.382 Fibonacci level we can look for a once long order for a new test of the structure and the upper trendline.
IF the price instead will break below the 0.618 we will look for a short position according to Pkancton's strategy.
--––
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.
Leave a comment that is helpful or encouraging. Let's master the markets together.
