USDCHF on the 4h chart is trading at the recent highs.
The price is in a bull trend and creates a possible double top below a monthly resistance.
How can I approach this scenario?
I will wait for the EU market open and check for a possible break below the support area.
In that case, i will look for the Plancton's strategy to be satisfied and set a nice short order
--ββ
Follow the Shrimp π¦
Keep in mind.
π£ Purple structure -> Monthly structure.
π΄ Red structure -> Weekly structure.
π΅ Blue structure -> Daily structure.
π‘ Yellow structure -> 4h structure.
β«οΈ 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 is in a bull trend and creates a possible double top below a monthly resistance.
How can I approach this scenario?
I will wait for the EU market open and check for a possible break below the support area.
In that case, i will look for the Plancton's strategy to be satisfied and set a nice short order
--ββ
Follow the Shrimp π¦
Keep in mind.
π£ Purple structure -> Monthly structure.
π΄ Red structure -> Weekly structure.
π΅ Blue structure -> Daily structure.
π‘ Yellow structure -> 4h structure.
β«οΈ 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.
Comment:
the market is now testing the support area, we ll be looking for a potential break