U.S. Dollar / Swiss FrancUpdated USDCHF a new bearish leg?
USDCHF is currently undergoing a critical test of the monthly level at 0.88. This level holds significant importance as it has acted as a key level in the past, attracting market attention and influencing price movements.
Based on Plancton's Rules, there is a possibility that the price may retest the previous ascending channel, now serving as a new resistance level. If the price fails to break above this resistance and instead creates a reversal pattern, it could indicate a potential bearish impulse in the market.
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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 -> <= 1h structure.
Note
Note
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