InkyGrip

USDCHF a short opportunity ðŸĶ

āļĨāļ”āļĨāļ‡
InkyGrip āļ—āļĩāđˆāļ­āļąāļ›āđ€āļ”āļ•:   
FOREXCOM:USDCHF   āļ”āļ­āļĨāļĨāļēāļĢāđŒāļŠāļŦāļĢāļąāļ / āļŸāļĢāļąāļ‡āļāđŒāļŠāļ§āļīāļŠ
USDCHF on the 4h chart is trading at the recent highs.
The price is in a bull trend and creates a possible short opportunity below a monthly resistance.
After the head and shoulders neckline break the price in fact is approaching a minor support area.

How can I approach this scenario?

I will wait for the EU market open and check for a possible break below the support area .
In that case, i will look for the Plancton's strategy to be satisfied and set a nice short order

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Follow the Shrimp ðŸĶ

Keep in mind.

ðŸŸĢ Purple structure -> Monthly structure.
ðŸ”ī Red structure -> Weekly structure.
ðŸ”ĩ Blue structure -> Daily structure.
ðŸŸĄ Yellow structure -> 4h structure.
âšŦïļ 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.
āļ„āļ§āļēāļĄāļ„āļīāļ”āđ€āļŦāđ‡āļ™:
nice break below as expected
āļ„āļ§āļēāļĄāļ„āļīāļ”āđ€āļŦāđ‡āļ™:
the price reached the support area for an almost 150 pips free call
āļ„āļ§āļēāļĄāļ„āļīāļ”āđ€āļŦāđ‡āļ™:
lower low and break of support
āļ„āļ§āļēāļĄāļ„āļīāļ”āđ€āļŦāđ‡āļ™:
225 pips call
āļ„āļ§āļēāļĄāļ„āļīāļ”āđ€āļŦāđ‡āļ™:
a support test
āļ„āļ§āļēāļĄāļ„āļīāļ”āđ€āļŦāđ‡āļ™:
the market tested the lower support
āļ„āļ§āļēāļĄāļ„āļīāļ”āđ€āļŦāđ‡āļ™:
a bounce over the support
āļ„āļ§āļēāļĄāļ„āļīāļ”āđ€āļŦāđ‡āļ™:
expecting some retracement now
āļ„āļģāļˆāļģāļāļąāļ”āļŠāļīāļ—āļ˜āļīāđŒāļ„āļ§āļēāļĄāļĢāļąāļšāļœāļīāļ”āļŠāļ­āļš

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