EURCHF a short term long opportunity 🦐
تم تحديثه
EURCHF on the 4h chart is trading in a downtrend for a long time.
The price has been moving between 2 parallel descending trendlines and is currently breaking above the upper one.
How can i approach this scenario?
The overall scenario remain bearish but if the market will break above the static resistance structure i can look for a short-term long order according to the Plancton's strategy rules.
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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 has been moving between 2 parallel descending trendlines and is currently breaking above the upper one.
How can i approach this scenario?
The overall scenario remain bearish but if the market will break above the static resistance structure i can look for a short-term long order according to the Plancton's strategy 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.
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Test of the 0.382 and possible continuation move
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