daytradersfx
Long

Wedge and head and shoulders, this might be ready to ROCK!

FX:GBPCHF   British Pound/Swiss Franc
GBPCHF             , along with so many other GBP pairs, looks like it might be ready for something big. The head and shoulders pattern on the 4 hour chart has a price projection of 700-800 pip ((laughing all the way to the bank)) and we have a falling wedge (the blue trend lines ). There is a lot of bullish patterns in the works here, I'm ready for GBPCHF             to starting moving up.

An entry at the break of the falling wedge could start the party, then adding to it at the break of the neckline would be great as well.

I'll update you all as this trade develops and I take an entry.
Let's see what next week brings.
Reply
Gino Gino
Wedge is broken, could be false.
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