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. --–– 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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