This reverse head & shoulder pattern confirms the upcoming bullish movement for this pair. CHF has weakened quite a bit in the past 2 weeks which means it should start to strengthen from this time forth. Daily timeframe RSI is indicating way oversold which is another confirmation for a trend reversal. Let's see how everything pans out!
Trade Details :
Entry : 107.950
SL : 107.800
TP : 109.000
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Link : t.me/joinchat/AAAAAE4gP6pB-p-RPEE8Mw
Trade Details :
Entry : 107.950
SL : 107.800
TP : 109.000
Join my FREE trade signal group on telegram & make profits with me now!
Link : t.me/joinchat/AAAAAE4gP6pB-p-RPEE8Mw
Trade closed: stop reached
False inverted head & shoulders pattern. SL hit at -15 pips. Looking to go long in the long-term.
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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.