EURUSD on the daily chart sharply decrease during the last trading days of the last week.
The price after the rejection of the monthly descending trendline close at the 1.18400 level.
We can notice how there will be a possible formation of an head and shoulder pattern and according to Plancton's strategy if the market will break below the neckline we will be ready to set a nice short 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 price after the rejection of the monthly descending trendline close at the 1.18400 level.
We can notice how there will be a possible formation of an head and shoulder pattern and according to Plancton's strategy if the market will break below the neckline we will be ready to set a nice short 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.
