USDCHF a turn at the 0.786 🦐
Updated
USDCHF on the 4h chart is providing a potential long opportunity in the next few hours.
The price after the recent low at the 0.91000 area created a wave that retraces exactly until the 0.786 Fibonacci level that starts a possible higher high higher low move.
How can we approach this scenario?
The market is now approaching the resistance structure and a break above will be needed to consider a long position.
After the break we will check if the pair will provide us a retest of it and at that moment we will check for the application of the Academy rules to 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.
The price after the recent low at the 0.91000 area created a wave that retraces exactly until the 0.786 Fibonacci level that starts a possible higher high higher low move.
How can we approach this scenario?
The market is now approaching the resistance structure and a break above will be needed to consider a long position.
After the break we will check if the pair will provide us a retest of it and at that moment we will check for the application of the Academy rules to set a nice long order.
--––
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.
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