EURCHF a short term long opportunity 🦐

30 Eyl 2022

EURCHF on the 4h chart is trading in a downtrend for a long time.
The price has been moving between 2 parallel descending trendlines and is currently breaking above the upper one.

How can i approach this scenario?

The overall scenario remain bearish but if the market will break above the static resistance structure i can look for a short-term long order according to the Plancton's strategy rules.
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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.

3 Eki 2022

Yorum

90 pips and test of the supply area

4 Eki 2022

Yorum

190 pips call

5 Eki 2022

Yorum

test of the supply area and 2% profit so far

6 Eki 2022

Yorum

rejection by the supply zone

7 Eki 2022

Yorum

classic retest of the 0.5 Fibonacci support

10 Eki 2022

Yorum

Test of the 0.382 and possible continuation move

12 Eki 2022

Yorum

retest of the 0.382 level

13 Eki 2022

Yorum

looking for a new test of the supply area

14 Eki 2022

Yorum

188 pips call and double top over the supply zone

17 Eki 2022

Yorum

perfect retest

18 Eki 2022

Yorum

the price broke above the resistance

19 Eki 2022

Yorum

new recent high

20 Eki 2022

Yorum

perfect bullish call

21 Eki 2022

Yorum

new recent high in a choppy uptrend