USDCHF a short opportunity 🦐

USDCHF on the 4h chart is trading at the recent highs.
The price is in a bull trend and creates a possible short opportunity below a monthly resistance.
After the head and shoulders neckline break the price in fact is approaching a minor support area.

How can I approach this scenario?

I will wait for the EU market open and check for a possible break below the support area .
In that case, i will look for the Plancton's strategy to be satisfied and 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:

nice break below as expected

Yorum:

the price reached the support area for an almost 150 pips free call

Yorum:

lower low and break of support

Yorum:

225 pips call

Yorum:

a support test

Yorum:

the market tested the lower support

Yorum:

a bounce over the support

Yorum:

expecting some retracement now