Did USDCHF just broke out of Inverse head and shoulder neckline, or is this a fakeout and it'll fail at previous resistance at 0.89459? I guess we'll see.
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Doesn't looks like a fakeout. that means it's a real breakout. I'm in for a long.Note
It needs to maintain the price above 0.895xx range or else it'll fail. will have to wait for 4 hour candle to close and act as confirmation.
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If the pennant breaks to the downside and 0.894xx is breached, this idea will become invalid.
Note
Nice bounce off of neckline as expected.Note
+30 pips positive. stop at entry.
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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.