USDCNH on an inversted H&S 🦐
USDCNH on the 4h chart after a long downtrend starts a move inside a descending channel.
The market creates an inverted head and shoulder pattern with the opportunity of a break to the upside.
IF the price will break above, according to Plancton's strategy, we will be ready to set a nice long order.
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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.
The market creates an inverted head and shoulder pattern with the opportunity of a break to the upside.
IF the price will break above, according to Plancton's strategy, we will be ready to set a nice long order.
--––
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.
Komentar:
The market never break above yet
Komentar:
Ready for the break above
Komentar:
the price is still respecting the trendline
Komentar:
the grinding on the trendline continue
Komentar:
Nice break above as expected
Komentar:
Strong impulse, as expected
Komentar:
rejection by the resistance struture
Komentar:
a retest of the support area
Komentar:
the market perfectly retest the support area
Komentar:
price is testing the resistance
Komentar:
a bull flag
Komentar:
strong consolidation, waiting for confirmations
Komentar:
looking for bullish continuation