Get started
Canadian Dollar/Swiss Franc
Long

CAD/CHF INVERTED HEAD AND SHOULDER PATTERN!!

By RiosTrades
Price Action (Technical Analysis): Spotted a potential Inverted Head and Shoulders Pattern at Key Support Zone while in an Oversold Market in Weekly Time-Frame. We have a Bias that price needs to press up due price pressing down to Weekly low in this Triangle Trend (Weekly Time-Frame). Our last resort to continue this idea would be price rallying at the 61.8%, once price breaks and closes below.. Trade is invalid and we will wait for more suitable market conditions for our next advanced pattern breakout.

Fundamental Analysis: None.
breakoutBullish PatternsCADCHFcanadiandollarChart PatternsforextradingHead and ShouldersTechnical IndicatorsinvertedheadandshouldersLONGswissfrancTrend Analysis
RiosTrades

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.