EURUSD on the daily chart is testing the neckline of the H&S pattern created at the top of the bullish move.
The market after the 1.23400 high couldn't create higher highs and lost momentum and created a last retracement at 1.18900 before closing the week over the neckline.
According to Plancton's strategy if the market will break and retest the neckline we can 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 market after the 1.23400 high couldn't create higher highs and lost momentum and created a last retracement at 1.18900 before closing the week over the neckline.
According to Plancton's strategy if the market will break and retest the neckline we can 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.
Comment:
moving lower as expected
Comment:
ready for a break