EURCHF is still moving between 2 weekly structure (red) that are on a monthly discending trendlineas we mention in our bigger picture analysis.
On the 4h chart we can see that market created a minor structure and after the false breakout of yesterday price start to range between a minor support and resistance.
For a short therm if the market break above the minor structure we could look for long a trade till the upper weekly structure but on the swing trading prospective we will recomend to wait until a clear break of the major weekly structure either up or down for a clear trend direction.
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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.
On the 4h chart we can see that market created a minor structure and after the false breakout of yesterday price start to range between a minor support and resistance.
For a short therm if the market break above the minor structure we could look for long a trade till the upper weekly structure but on the swing trading prospective we will recomend to wait until a clear break of the major weekly structure either up or down for a clear trend direction.
–––––
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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