CHFJPY on a weekly resistance 🦐
Market is ranging between the 107 and 118 area, on the weekly chart market has been in a discending channel.
After the break of it it started an uptrend in higher high higher low move.
Currently the market has approached a weekly strong resistance that also is at the top of the asceding daily channel.
If the market will break the channel to the upside and consequently break the weekly structure we can set a nice long position according with our strategy.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
After the break of it it started an uptrend in higher high higher low move.
Currently the market has approached a weekly strong resistance that also is at the top of the asceding daily channel.
If the market will break the channel to the upside and consequently break the weekly structure we can set a nice long position according with our strategy.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.