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Headandshouders

ROSEUSDT is testing the weekly resistance!the price is testing the weekly resistance on 0.316$, where the price created the neckline of the head and shoulders, and where the market has a supply zone. Nice volume is incoming right now. on the 4h timeframe the price had a breakout from the 4h resistance on 0.24$ and a great breakout from the daily dynamic resistance. How to approach? The price needs to have a new breakout from the confluence area and retest it as new support. a Breakout is not enough, the price needs to satisfy our rules for a new long position. The next valid resistance is 0.35. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
2
EURAUD Weekly Chart H & S Pattern In Process!Like the EURUSD, This pair is in the process of forming a head and shoulder pattern! Once the pattern is complete a break to the downside would be on the cards. Furthermore the weekly EMA 50 would also be violated in the process thus reducing the amount of support levels in the process. Once the neckline is broken i will wait for the retest of either the weekly 50 EMA or the neckline itself before i place the trade. It might take a few weeks for the pattern to complete but its worth the wait as its a high probability pattern and the risk reward might be 1:2 or 1:3. I will update this thread later in the future shall the criteria meet.
Short
by FX618Analysis