This has retraced back to resistance as expected, now there is the opportunity to short. If we see this rebound from this resistance and MACD remain below 0 and EMA's do not cross higher then this will drop. Target is 9.02671 where this should find support and bounce higher.
CHFNOK on the 4h chart is moving inside a descending channel. The price is now consolidating between 2 structure and IF the market will break below, according to Plancton's strategy, we can set a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily...
Already short on this but it has retraced back to resistance and is now rejecting from here. More shorts can be entered with SL above the high of support and I have a target of 9.07100. There are a couple of support levels before the target which are shown on the chart, these can be used for short term profit taking and used with a swing trading strategy for lower risk.
Looking for a short on this. The support was broken and it is now retesting as resistance. Waiting for this to reject then can enter the short. Target is 9.32335, there may be some support at 9.40720 which could cause the price to rebound slightly but hopefully it will pass through this. There is also a longer term target at 9.07100.
CHFNOK on the 4hh chart is breaking to the upside the weekly resistance. The price after creating a double bottom over the daily support started a new impulse. According to Plancton's strategy, we can set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure ->...
CHFNOK on the 4 chart is testing a resistance structure at the 9.80000 level. The price after the recent move until the 9.95000 zone got pushed back sharply and turn over the 0.786 fib level retracement. If the market will manage to break and close above the resistance structure we will set a nice long order according to Plancton's strategy. --–– Follow the Shrimp...
The market has been testing many times the structure and now is on a break. At the restest of it we can set a nice short order. ––––– 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.
It is important how it will close today. It is unconfirmed 123 patter so far.
CHF-NOK looks like it wants to break support and plummet.
we broke under the cloud 7 hour bearish cross 7 hour of 7 ema under the 17 ema time to go down
This is a solid range, let's see if it plays out
Despite the recent decline in the value of the Swiss franc, it's gearing up for a very significant move upwards. On shorter time frames, a textbook bull wedge has also formed. The basis of this analysis would be difficult to explain or justify, so I'll just say that my outlook should be seen as "take it or leave it."
CHFNOK has broken and retested 50D SMA. Possibly a good time to enter a short trade SL around 9.03 and TP1 at 8.91
CHFNOK has broken down below a rising trend line going back to 23 April. Short term support might be found at the 50D MA. The long term trend for this pair appears to be Bullish.
CHFNOK heading lower after a failed pullback at Fib 0.5 area of yesterday's high. A good SL might be 9.17 Target TP area could be 8.93.