Swiss Franc / Japanese Yen
Short
Updated

CHFJPY testing a trendline 🦐

183
CHFJPY after hitting the recent highs at the weekly resistance couldn't break above.
The price moved over an ascending trendline and created a head and shoulder formation.
IF the market will break below the trendline we will set a nice short order according to Plancton's strategy.


--––
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.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Note
snapshot the price breaks below the trendline

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.