Canadian Dollar / Swiss Franc
Long
Updated

CADCHF on a weekly double bottom 🦐

192
CADCHF create a clear double bottom on the weekly chart.
Now price is consolidating below the daily structure.
If the price will manage to break and close above the blue structure and cosenquently break thye channel we can set a nice long order according with our strategy.

–––––
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.




Note
snapshot On the 4 timeframe price retraced till the 0.5 fib of the previous leg.
Market didnt break the daily structure.
Note
snapshot testing the upper part of the channel. Waiting for a break of it as confirmation
Note
Everything as expected
snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.