NZDUSD a Head & Shoulder 🦐
NZDUSD is moving on an ascending channel and on the 4h chart has created a head and shoulder formation.
The head tested the weekly trendline and now the price is testing a minor trendline.
According to Plancton's strategy, if the conditions will be satisfied, 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 head tested the weekly trendline and now the price is testing a minor trendline.
According to Plancton's strategy, if the conditions will be satisfied, 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:
the price broke below the trenline moving to the support area
Comment:
perfect neckline break, as expected
Comment:
Bull flag formation