EURCHF looking up 🦐

15 апр. 2022 г.

EURCHF on the 4h chart is trading below a minor resistance area.
The price after 2 test of the area retraced over the lower descending trendline and bounced for a new test of the structure.

How can i approach this scenario?

Being Friday is quite risky to trade in the late sessions but if the market will break above the resistance area i will consider a nice long position according to the Plancton's strategy rule.

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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.

19 апр. 2022 г.

Заметка

the market is breaking above, as expected

20 апр. 2022 г.

Заметка

break retest and price reached exactly the trendlne

21 апр. 2022 г.

Заметка

the price moves in the expected direction for a nice 163 pips call

22 апр. 2022 г.

Заметка

test of the resistance and possible bull flag formation