USD/CHF - Potential LONG entry on break of H4/WEEKLY inverse H&S
Updated
Finally seeing some price action to break the long awaited break of a weekly and H4 inverse head and shoulder.
The head of the H4 inverse head and shoulder is the right shoulder of the weekly inverse H&S.
1st target is CAM S5 and a major resistance fractal.
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!
The head of the H4 inverse head and shoulder is the right shoulder of the weekly inverse H&S.
1st target is CAM S5 and a major resistance fractal.
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
Dropped from trendline shown on chart. I am still very bullish on USD/CHF, looking for an entry.Note
Nearing target, at this momentum I would create a trailing stop loss for the second target.Note
First target hit, trailing stop loss created for second target.
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.