USDCHF for a higher high? 🦐

USDCHF on the 4h chart is providing a potential long opportunity in the next few hours.
The price after the recent high at the 0.93200 area created a wave that retraces exactly until the 0.618 Fibonacci level and starts a possible higher high higher low move.

How can we approach this scenario?

The market is now approaching a resistance structure after a test of the 0.382 and a break above will be considered a chance for a long position.
After the break, we will check if the pair will provide us a retest of the structure, and when the price will satisfy the Academy rules we will set set a nice long 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.

Kommentera:

the market is testing the support at the 0.382 Fibonacci level