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.
--โโ
Follow the Shrimp ๐ฆ
Keep in mind.
๐ฃ Purple structure -> Monthly structure.
๐ด Red structure -> Weekly structure.
๐ต Blue structure -> Daily structure.
๐ก Yellow structure -> 4h structure.
โซ๏ธ 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.
--โโ
Follow the Shrimp ๐ฆ
Keep in mind.
๐ฃ Purple structure -> Monthly structure.
๐ด Red structure -> Weekly structure.
๐ต Blue structure -> Daily structure.
๐ก Yellow structure -> 4h structure.
โซ๏ธ 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.
์ฝ๋ฉํธ:
The market never break above yet
์ฝ๋ฉํธ:
Ready for the break above
์ฝ๋ฉํธ:
the price is still respecting the trendline
์ฝ๋ฉํธ:
the grinding on the trendline continue
์ฝ๋ฉํธ:
Nice break above as expected
์ฝ๋ฉํธ:
Strong impulse, as expected
์ฝ๋ฉํธ:
rejection by the resistance struture
์ฝ๋ฉํธ:
a retest of the support area
์ฝ๋ฉํธ:
the market perfectly retest the support area
์ฝ๋ฉํธ:
price is testing the resistance
์ฝ๋ฉํธ:
a bull flag
์ฝ๋ฉํธ:
strong consolidation, waiting for confirmations
์ฝ๋ฉํธ:
looking for bullish continuation