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InkyGrip
Jan 20, 2021 7:36 AM

USDCNH on a bear flag 🦐 Short

U.S. Dollar / Offshore Chinese YuanFOREX.com

Description

USDCNH after testing the lows near a dynamic trendline retraced inside a minor ascending channel.
The market reached the 0.618 Fibonacci retracements and now testing a support
According to Plancton's strategy, if the conditions, will be satisfied, we will set a nice short position.
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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.

Comment

the price bounces over the support
Comments
Yuriy_Bishko
bear flag
InkyGrip
@Yuriy_Bishko, correct 😁
Rossie19
Good analysis
InkyGrip
@Rossie19, wow thanks mate ✌️✌️
Mariobarretto
Nice work
InkyGrip
@Mariobarretto, appreciate it my friend 🥇
Karzon
Well done plancton !
InkyGrip
@Karzon, thanks my friend! 😁🍟🍟🍿
Rossie19
Good Analysis. Keep it up
InkyGrip
@Rossie19, apprecite your words Rossie 👍
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