sarfus1

Could be a nice setup on CADCHF Daily

Long
FX:CADCHF   Canadian Dollar/Swiss Franc
Another possible H&S pattern. Broke down below the range its been in since 2015 late December just to shoot straight back into it early January. Seems like quite a bullish move to me with potential to move higher up into the range again and this gives more confluence to a potential inverted H&S in the making.
Comment: Price is now at neckline. Needs to make a positive break and retrace before I will enter trade.
Comment: Trade active. TP1: 75.645 ( 61,8% fib and resistance ). TP ": 76.685 almost 100% fib and resistance level.
Trade active:
Trade closed: target reached: TP1 reached. Stoploss to break even on second position
Comment: I have moved SL up to 76.072 which is 78.6% fib on last position.
Trade closed: target reached
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.