USDCHF Long trade Idea Multi timeframe
Updated
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
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