EURCHF is moving inside a descending channel.
The market reached the upper trendline at the 0.618 Fibonacci level and got rejected.
Currently, the price broke and retested the 0.5 level.
According to Plancton's strategy, if the conditions will be satisfied, we can set a nice short order.
--––
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 reached the upper trendline at the 0.618 Fibonacci level and got rejected.
Currently, the price broke and retested the 0.5 level.
According to Plancton's strategy, if the conditions will be satisfied, we can set a nice short order.
--––
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.
Commento:
nice move as expected