GBP/CHF 4H Bullish Trend, Long Opportunity 🦐
The market trend for GBP/CHF on the 4H chart appears to be bullish, with the price action showing a series of higher highs and higher lows.
This pattern is a positive indication for buyers in the market. The recent test of resistance and subsequent move towards the 50% Fibonacci level adds further confirmation of the bullish sentiment.
How can i approach this scenario?
If the price can break above the resistance, it could provide a potential opportunity for traders to enter the market with a 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.
This pattern is a positive indication for buyers in the market. The recent test of resistance and subsequent move towards the 50% Fibonacci level adds further confirmation of the bullish sentiment.
How can i approach this scenario?
If the price can break above the resistance, it could provide a potential opportunity for traders to enter the market with a long order according to the Plancton's strategy 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.
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