USD/CHF: Possible H&S formation
Updated
Hey guys,
Even though I am bullish on USD/CHF it looks like we could potentially have a H&S in progress.
The idea is simple: Should price break 0.96 upwards, the H&S idea is invalid.
On the other hand, should price breaks the trend line, there's a high chance it will go and touch the neckline again. If that occurs, I will sell the breakout with a TP @ 0.95350.
Cheers
Jesse
Even though I am bullish on USD/CHF it looks like we could potentially have a H&S in progress.
The idea is simple: Should price break 0.96 upwards, the H&S idea is invalid.
On the other hand, should price breaks the trend line, there's a high chance it will go and touch the neckline again. If that occurs, I will sell the breakout with a TP @ 0.95350.
Cheers
Jesse
Order cancelled
trade cancelled, the trendline is holding
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