indaytrading

EURCHF Possible breakout

Long
FX:EURCHF   Euro / Swiss Franc
EUR/CHF has formed an inverse head and shoulders pattern on the 4-hour chart, indicating a potential bullish reversal. The breakout above the pattern's neckline confirms the trend change. Traders should monitor the price closely for sustained upward movement and consider entering long positions with appropriate risk management strategies.

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.