EURCHF INVERSE HEAD AND SHOULDER PATTERN TRADE
Price Action looks to have completed the most recent ABCD pattern and price has been consolidating on the higher time frame (Daily) before restarting the fib sequence.
Anticipating the 2nd shoulder of the inverse HNS pattern to print on the 4hr time frame. Will take a conservative entry and wait for price to break the neckline to confirm the set-up before entering .
Buy Stop set at 0.94416 in case I'm unavailable to catch the close above the neckline for Market Execution. Will update idea after entry.
*My published ideas are not trading advice nor do I actively trade every published idea. This is my personal analysis. Trade at your own risk. *
Anticipating the 2nd shoulder of the inverse HNS pattern to print on the 4hr time frame. Will take a conservative entry and wait for price to break the neckline to confirm the set-up before entering .
Buy Stop set at 0.94416 in case I'm unavailable to catch the close above the neckline for Market Execution. Will update idea after entry.
*My published ideas are not trading advice nor do I actively trade every published idea. This is my personal analysis. Trade at your own risk. *
Note
Note
posted incorrect chart in above note. meant for eurgbp.
EURCHF inverse HNS pattern failed as price continued to drop. No Entry triggered.
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