EURCHF a turn at the 0.618 Fib 🦐
Updated
EURCHF on the 4h chart is moving in a descending trend.
The price after the recent low retest the weekly resistance at the 0.618 Fibonacci retracements creating a possible double top over it.
How can we approach this scenario?
Currently, the market is testing once again the support area and if the pair will break below we will search for an entry point according to the Plancton's strategy rules.
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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 low retest the weekly resistance at the 0.618 Fibonacci retracements creating a possible double top over it.
How can we approach this scenario?
Currently, the market is testing once again the support area and if the pair will break below we will search for an entry point according to the Plancton's strategy rules.
--––
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.
Note
Note
The market is now ready for a break below, waiting the US session Note
Note
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