EURCHF on the 4h chart after the test of the 1.05 level retraced at the 0.5 Fibonacci level.
The market, after a few tests of the support area can start a new impulse and is now trading above a weekly resistance.
How can I approach this scenario?
I will wait for the EU market open and check for a possible break above to set a nice long order according to the Plancton's academy 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 market, after a few tests of the support area can start a new impulse and is now trading above a weekly resistance.
How can I approach this scenario?
I will wait for the EU market open and check for a possible break above to set a nice long order according to the Plancton's academy 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.
