EURCHF a short term long opportunity 🦐

30 set 2022

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.

3 ott 2022

Commento

90 pips and test of the supply area

4 ott 2022

Commento

190 pips call

5 ott 2022

Commento

test of the supply area and 2% profit so far

6 ott 2022

Commento

rejection by the supply zone

7 ott 2022

Commento

classic retest of the 0.5 Fibonacci support

10 ott 2022

Commento

Test of the 0.382 and possible continuation move

12 ott 2022

Commento

retest of the 0.382 level

13 ott 2022

Commento

looking for a new test of the supply area

14 ott 2022

Commento

188 pips call and double top over the supply zone

17 ott 2022

Commento

perfect retest

18 ott 2022

Commento

the price broke above the resistance

19 ott 2022

Commento

new recent high

20 ott 2022

Commento

perfect bullish call

21 ott 2022

Commento

new recent high in a choppy uptrend