USD/CHF - Multiple INVERSE H&S forming on different timeframes
Updated
Potential LONG opportunity finally happening after a crazy rollercoaster ride from a "hawkish" fed speech.
I have been looking for the trendline bounce (shown on bottom chart) since my last idea and it has perfectly bounce off it this afternoon.
I am now looking to go long term in this pair as the 4H is showing an inverse head and shoulder and the daily/weekly timeframe has another inverse head and shoulder forming as well.
Keep an eye if it breaks that trend-line support. If it does this idea will be invalidated.
If this chart helped at all, leave a like or follow.
I would love any feedback/advice about my chart to correct any of my mistakes and learn more about TA.
DISCLAIMER: Not a financial advisor, I don't suggest using my ideas for your own as I am a complete amateur for TA.
Good luck to everyone!
I have been looking for the trendline bounce (shown on bottom chart) since my last idea and it has perfectly bounce off it this afternoon.
I am now looking to go long term in this pair as the 4H is showing an inverse head and shoulder and the daily/weekly timeframe has another inverse head and shoulder forming as well.
Keep an eye if it breaks that trend-line support. If it does this idea will be invalidated.
If this chart helped at all, leave a like or follow.
I would love any feedback/advice about my chart to correct any of my mistakes and learn more about TA.
DISCLAIMER: Not a financial advisor, I don't suggest using my ideas for your own as I am a complete amateur for TA.
Good luck to everyone!
Note
Longed at the bottom @ 0.98467, adding more longs each pull back. Nice bullish engulfing pattern on the daily chart.Trade closed: stop reached
Order cancelled
Like I said in the post, if it broke trend-line support, this is now invalidated.
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