EURNZD after a long downtrend inside a descending channel created an inverted H&S pattern.
The market is now testing the neckline over the resistance and the top trendline for a nice market confluence.
According to Plancton's strategy, if the price will break above, we will 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 is now testing the neckline over the resistance and the top trendline for a nice market confluence.
According to Plancton's strategy, if the price will break above, we will 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.
Comment:
the price is testing again the resistance
Comment:
the market is respecting the descending trendline
Comment:
perfect grinding below the trendline