USDCHF on the 4h chart is providing a potential long opportunity in the next few hours.
The price after the recent high at the 0.93200 area created a wave that retraces exactly until the 0.618 Fibonacci level and starts a possible higher high higher low move.
How can we approach this scenario?
The market is now approaching a resistance structure after a test of the 0.382 and a break above will be considered a chance for a long position.
After the break, we will check if the pair will provide us a retest of the structure, and when the price will satisfy the Academy rules we will set set a nice long 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.
The price after the recent high at the 0.93200 area created a wave that retraces exactly until the 0.618 Fibonacci level and starts a possible higher high higher low move.
How can we approach this scenario?
The market is now approaching a resistance structure after a test of the 0.382 and a break above will be considered a chance for a long position.
After the break, we will check if the pair will provide us a retest of the structure, and when the price will satisfy the Academy rules we will set set a nice long order.
--––
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.
評論:
the market is testing the support at the 0.382 Fibonacci level