EURCHF on a channel cross 🦐
EURCHF is moving inside 2 strong weekly structure since the 14th of July.
Market created few false signals and quite a lot of noise withount taking a clear direction yet.
The price on the monthly chart is close to a extremely strong descending trendline too.
At the moment on the 4h timeframe we can notice that the market created a channel cross and broke over the minor resistance area around 1.08.
IF the price will hold that level we can expect a new test of the weekly structure.
For a safer trade we will wait a clear break of the weekly structure.
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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.
Market created few false signals and quite a lot of noise withount taking a clear direction yet.
The price on the monthly chart is close to a extremely strong descending trendline too.
At the moment on the 4h timeframe we can notice that the market created a channel cross and broke over the minor resistance area around 1.08.
IF the price will hold that level we can expect a new test of the weekly structure.
For a safer trade we will wait a clear break of the weekly structure.
–––––
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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