USDCHF can move to the 4h support? - UPDATE -🦐
USDCHF after our previous analysis broke the ascending trendline and retested it as expected.
The price has tested the 0.382 at the trendline and is now trading above a minor support.
How we can approach this scenario?
We will wait for the European market open and check if the bear pressure will push the price below the 4h structure, in that case, we'll consider opening a short position according to the Plancton Academy rules.
--––
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.
The price has tested the 0.382 at the trendline and is now trading above a minor support.
How we can approach this scenario?
We will wait for the European market open and check if the bear pressure will push the price below the 4h structure, in that case, we'll consider opening a short position according to the Plancton Academy rules.
--––
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.
Note
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.