Usdchf price is currently in a bullish channel. Price impulsed to the upside than started selling filling up the imbalance. Price pivoted around the 78.6 Fib level than resumed the bullish rally. Price also completed its right shoulder forming an inverse head and shoulder chart pattern. Looking for price to pull back toward the bottom of the channel where I will be adding another bullish position. and buying towards the upside. Set my stop loss below the channel and take profit below the top of the channel for a 2:1 RR on my initial position.
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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.