InkyGrip

USDCNH on an inversted H&S 🩐

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InkyGrip Uppdaterad   
FOREXCOM:USDCNH   U.S. Dollar / Offshore Chinese Yuan
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.
đŸ”” 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.
Kommentera:
The market never break above yet
Kommentera:
Ready for the break above
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the price is still respecting the trendline
Kommentera:
the grinding on the trendline continue
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Nice break above as expected
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Strong impulse, as expected
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rejection by the resistance struture
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a retest of the support area
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the market perfectly retest the support area
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price is testing the resistance
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a bull flag
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strong consolidation, waiting for confirmations
Kommentera:
looking for bullish continuation
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