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SimpleTrader411
Aug 10, 2021 8:35 AM

USDCHF Outlook Long

U.S. Dollar/Swiss FrancFXCM

Description

My analysis in USDCHDF is:

1. USDCHF have a posibility to make a ascending triangle, and it can be breakout. But, before that,
2. In mid term, 4H timeframe, it have a potential to make a IHaS. Now it can be a forming right shoulder

Strategy: Long if it can retrace and then avg up when it confirm IHnS.

SL: swing from right shoulder.
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