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.
--ââ
Follow the Shrimp ðĶ
Keep in mind.
ðĢ Purple structure -> Monthly structure.
ðī Red structure -> Weekly structure.
ðĩ Blue structure -> Daily structure.
ðĄ Yellow structure -> 4h structure.
âŦïļ 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.