EURCHF a short term long opportunity 🦐

30 sept 2022

EURCHF on the 4h chart is trading in a downtrend for a long time.
The price has been moving between 2 parallel descending trendlines and is currently breaking above the upper one.

How can i approach this scenario?

The overall scenario remain bearish but if the market will break above the static resistance structure i can look for a short-term long order 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.

3 oct 2022

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90 pips and test of the supply area

4 oct 2022

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190 pips call

5 oct 2022

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test of the supply area and 2% profit so far

6 oct 2022

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rejection by the supply zone

7 oct 2022

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classic retest of the 0.5 Fibonacci support

10 oct 2022

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Test of the 0.382 and possible continuation move

12 oct 2022

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retest of the 0.382 level

13 oct 2022

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looking for a new test of the supply area

14 oct 2022

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188 pips call and double top over the supply zone

17 oct 2022

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perfect retest

18 oct 2022

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the price broke above the resistance

19 oct 2022

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new recent high

20 oct 2022

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perfect bullish call

21 oct 2022

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new recent high in a choppy uptrend