Looking at the 4 hour timeframe we can see a corrective ABC structure formed. With wave C complete we can expect a surge
to the upside to continue the once bullish trend before the correction. On the H1 timeframe we have a complete inverse
head and shoulders pattern. I must admit this is a weird looking neckline but it'll serve its purpose. I expect a break above
and a retest of the neckline before placing a buy entry.
If you enjoy this post please do let me know by hitting the like button and sharing. I would mostly appreciate your perspectives
on UCHF down in the comments.
Targets:
0.94600
0.95000
0.95300
to the upside to continue the once bullish trend before the correction. On the H1 timeframe we have a complete inverse
head and shoulders pattern. I must admit this is a weird looking neckline but it'll serve its purpose. I expect a break above
and a retest of the neckline before placing a buy entry.
If you enjoy this post please do let me know by hitting the like button and sharing. I would mostly appreciate your perspectives
on UCHF down in the comments.
Targets:
0.94600
0.95000
0.95300
Note
Trade confirmation wasn't given. I do advise a little patience as it has bounced off of the weekly support level.
Note
Trade finally coming into play
Trade active
Stop loss moved to break even
Trade closed: target reached
Target 1 Reached
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.
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.