On the weekly chart AUDCHF has been inside a megaphone pattern which normally is a continuation pattern.
Market hit the lower trendline before starting to rise up.
We can clearly see that the market is moving inside a range between the 2 weekly structures.
If the market will break below the structure, as we expect, we can look for a short position according with our strategy.
IF the market will break above the upper structure, we can foreseen a test of the upper megaphone trendline, so we will be ready for a long position.
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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.
Market hit the lower trendline before starting to rise up.
We can clearly see that the market is moving inside a range between the 2 weekly structures.
If the market will break below the structure, as we expect, we can look for a short position according with our strategy.
IF the market will break above the upper structure, we can foreseen a test of the upper megaphone trendline, so we will be ready for a long position.
–––––
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.
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