Head and Shoulders on EURCHF daily
Updated
Head & Shoulders-pattern on EURCHF daily, confirmed by breaking neckline.
Stochastic daily OB and 4H OB ready to cross.
Sell-signal when price action reverses between 1.14-1.15.
Stop loss 100 pips, which gets it over neckline.
TP @ 1.1, which is 500 pips, 1:5 Risk reward.
Place of TP is defined by height of Head and Shoulders-pattern.
Disclaimer: I'm a lousy trader, don't follow my ideas or you will lose big.
Stochastic daily OB and 4H OB ready to cross.
Sell-signal when price action reverses between 1.14-1.15.
Stop loss 100 pips, which gets it over neckline.
TP @ 1.1, which is 500 pips, 1:5 Risk reward.
Place of TP is defined by height of Head and Shoulders-pattern.
Disclaimer: I'm a lousy trader, don't follow my ideas or you will lose big.
Trade active
Sold @ 1.14215
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.