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