EURCHF on the 4h chart is trading below a minor resistance area.
The price after 2 test of the area retraced over the lower descending trendline and bounced for a new test of the structure.
How can i approach this scenario?
Being Friday is quite risky to trade in the late sessions but if the market will break above the resistance area i will consider a nice long position according to the Plancton's strategy rule.
--ââ
Follow the Shrimp đŠ
Keep in mind.
đŁ Purple structure -> Monthly structure.
đŽ Red structure -> Weekly structure.
đ” Blue structure -> Daily structure.
đĄ Yellow structure -> 4h structure.
â«ïž 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.
The price after 2 test of the area retraced over the lower descending trendline and bounced for a new test of the structure.
How can i approach this scenario?
Being Friday is quite risky to trade in the late sessions but if the market will break above the resistance area i will consider a nice long position according to the Plancton's strategy rule.
--ââ
Follow the Shrimp đŠ
Keep in mind.
đŁ Purple structure -> Monthly structure.
đŽ Red structure -> Weekly structure.
đ” Blue structure -> Daily structure.
đĄ Yellow structure -> 4h structure.
â«ïž 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.
Kommentera:
the market is breaking above, as expected
Kommentera:
break retest and price reached exactly the trendlne
Kommentera:
the price moves in the expected direction for a nice 163 pips call
Kommentera:
test of the resistance and possible bull flag formation
