NZDCHF on a retracement move🦐
Updated
NZDCHF on the daily chart after the nice bullish impulse never retraced back.
The price broke a descending trendline and a weekly structure.
IF the price will close below the minor structure we can expect a move until the 0.5 or the 0.618 fib level.
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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 broke a descending trendline and a weekly structure.
IF the price will close below the minor structure we can expect a move until the 0.5 or the 0.618 fib level.
–––––
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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Trade closed: target reached
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