USDCHF IH&S breakout or fakeout?
Updated
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.
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Nice bounce off of neckline as expected.Note
+30 pips positive. stop at entry.
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