EURCHF

Our last trade on this one was very succesful, trading an H&S in combination with a bearish wedge. Now it's starting to look more like a bigger bullish wedge. The movements on the low the past weeks, make the risk reward for this trade worth the risk.

The safe play would be waiting for that first red resistance zone to break, to trigger a small inverse H&S. The more aggressive entry would be at the current level. The stop level is very close which makes the risk reward of this long trade very attractive.

The targets are at the 2 yellow circles. If we do manage to get at those targets, big chance we will probably get another short entry again.

Previous analysis:

Comment:

So far going perfect, broke the first resistance and made a goog rally. Now it's having resistance from the neckline of that inverse H&S inside the big wedge. I would wait with increasing the size after the wedge breaks, i think we will see a pullback sooner or later. Best to wait that out before increasing.

Comment:

Still looking good, it made a correction but it's making another attempt to break that neckline. Small triangle now, which can brake to both sides. I am going to increase the pos with 50% if we really break this neckline. I have moved stop to this green level now, to make sure i have some profit.

I see now it already broke to the downside, now the green support needs to hold.

Comment: