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.
Комментарий:
The market never break above yet
Комментарий:
Ready for the break above
Комментарий:
the price is still respecting the trendline
Комментарий:
the grinding on the trendline continue
Комментарий:
Nice break above as expected
Комментарий:
Strong impulse, as expected
Комментарий:
rejection by the resistance struture
Комментарий:
a retest of the support area
Комментарий:
the market perfectly retest the support area
Комментарий:
price is testing the resistance
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a bull flag
Комментарий:
strong consolidation, waiting for confirmations
Комментарий:
looking for bullish continuation