USDCHF on the 4h chart after the attempt to break the monthly resistance moved lower and is currently trading over an ascending trendline.
The price remains on a bullish trend but in the short term we can see a deeper retracement.
How can i approach this scenario?
I will wait for a potential break of the dynamic support and if that will happen i will check a potential entry for 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.
The price remains on a bullish trend but in the short term we can see a deeper retracement.
How can i approach this scenario?
I will wait for a potential break of the dynamic support and if that will happen i will check a potential entry for a nice short 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.
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