USD-CHF POTENTIAL HEAD AND SHOULDERS ON MULTIPLE TIME FRAME
USD-CHF PAIR MAY FORM HEAD AND SHOULDERS ON SMALLER TIME FRAME (M-15) WHICH IS AT RIGHT SHOULDER AREA.
M-15 HEAD AND SHOULDERS (MARKED WITH PURPLE COLOR)
BUY ENTRY: 0.9460 (AT MARKET)
STOP LOSS: 0.9440 (AGGRESSIVE) OR 0.9425 (CONSERVATIVE)
TARGET: 0.9490 (COMPLETES HEAD AND SHOULDERS ON M-15)
H-1 HEAD AND SHOULDERS (MARKED WITH YELLOW COLOR)
WHERE M-15 HEAD AND SHOULDERS FORMATION COMPLETES (AROUND 0.9490) USD-CHF MAY RETRACE ON H-1 TIME FRAME TO FORM POTENTIAL BIGGER HEAD AND SHOULDERS (H-1).
SO, WE MAY LOOK TO BUY AGAIN AS BELOW:
BUY ENTRY: 0.9455
STOP LOSS: 0.9440 (AGGRESSIVE) OR 0.9425 (CONSERVATIVE)
TARGET-1: 0.9490 (RE-TEST OF NECK LINE)
TARGET-2: 0.9525 (MEASURED MOVE AS PER HEAD AND SHOULDERS FORMATION)
TRADERS CAN HOLD THEIR POSITION ON THE BASE OF M-15 HEAD AND SHOULDERS UP TO TARGET OF BIGGER HEAD AND SHOULDERS.
M-15 HEAD AND SHOULDERS (MARKED WITH PURPLE COLOR)
BUY ENTRY: 0.9460 (AT MARKET)
STOP LOSS: 0.9440 (AGGRESSIVE) OR 0.9425 (CONSERVATIVE)
TARGET: 0.9490 (COMPLETES HEAD AND SHOULDERS ON M-15)
H-1 HEAD AND SHOULDERS (MARKED WITH YELLOW COLOR)
WHERE M-15 HEAD AND SHOULDERS FORMATION COMPLETES (AROUND 0.9490) USD-CHF MAY RETRACE ON H-1 TIME FRAME TO FORM POTENTIAL BIGGER HEAD AND SHOULDERS (H-1).
SO, WE MAY LOOK TO BUY AGAIN AS BELOW:
BUY ENTRY: 0.9455
STOP LOSS: 0.9440 (AGGRESSIVE) OR 0.9425 (CONSERVATIVE)
TARGET-1: 0.9490 (RE-TEST OF NECK LINE)
TARGET-2: 0.9525 (MEASURED MOVE AS PER HEAD AND SHOULDERS FORMATION)
TRADERS CAN HOLD THEIR POSITION ON THE BASE OF M-15 HEAD AND SHOULDERS UP TO TARGET OF BIGGER HEAD AND SHOULDERS.
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.