USDCHF - H4 Potential Double Top Forming
Updated
What we thought was a potential Head and Shoulders Pattern may in fact turn out to be a Double Top instead.
We have a lot of the same targets and analysis at the Head & Shoulders we believed was setting up.
We got a rejection of price at the at 0.98360, this chart will come to the forefront of our mid-term strategies as we will then be looking for a retracement back to the NECKLINE at 0.97100. If we break support at the neckline, we will look to go SHORT with 3 targets.
ENTRY
Just below 0.97100
STOP
0.98400
TARGETS
0.96580
0.96075
0.95700
Published 10/18/17
We have a lot of the same targets and analysis at the Head & Shoulders we believed was setting up.
We got a rejection of price at the at 0.98360, this chart will come to the forefront of our mid-term strategies as we will then be looking for a retracement back to the NECKLINE at 0.97100. If we break support at the neckline, we will look to go SHORT with 3 targets.
ENTRY
Just below 0.97100
STOP
0.98400
TARGETS
0.96580
0.96075
0.95700
Published 10/18/17
Order cancelled
With news of the US tax bill and such, this trade set-up had become negated with the break of the tops.
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