USDCHF on the 4h chart started a bullish impulse after the test of the 0.9400 level.
The price is moving to the 0.5 Fibonacci retracements where we can expect some reversal.
How can i approach this scenario?
I will look for a potential reversal around the 0.9600 level and if the price will satisfy the Plancton's academy rules i will 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.
The price is moving to the 0.5 Fibonacci retracements where we can expect some reversal.
How can i approach this scenario?
I will look for a potential reversal around the 0.9600 level and if the price will satisfy the Plancton's academy rules i will set 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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