USDCHF can take a break? 🦐

10 พ.ค. 2022

USDCHF on the 4h chart is trading at the recent highs.
The price is in a bull trend and creates a possible double top below a monthly resistance.

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 🦐

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.

11 พ.ค. 2022

บันทึก

the market is now testing the support area, we ll be looking for a potential break