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VasilyTrader
May 23, 2023 3:54 AM

USDCHF: Your Detailed Trading Plan πŸ‡ΊπŸ‡ΈπŸ‡¨πŸ‡­Β Long

USD/CHFOANDA

Description

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USDCHF pair is trading in a minor bullish trend.
The price sets higher lows, perfectly respecting a rising trend line on 4H.

The market is approaching the trend line at the moment,
To confirm one more bullish move from that, watch an inverted h&s pattern on 1H time frame.

Our trigger will be a bullish breakout of 0.8998 level - the neckline of the pattern.
The breakout will be confirmed with an hourly candle close above.
A bullish continuation will be expected to 0.9045 then

Alternatively, a bearish breakout of a trend line will trigger a bearish continuation.

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Comments
UnknownUnicorn52780235
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Great one
TheCryptagon
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Solid technical pattern, I've seen it work countless times on other assets as well.
InvestingScope
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Thank you for the idea. Nice looking chart.
UnitedSignals
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Thank you for posting this idea.
JoeChampion
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Nice idea fella!
basictradingtv
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yes, I am also bullish!
Setupsfx_
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Amazing work
ArmanShabanTrading
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Awesome insight!
KABHI_FOREX_TRADING
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same view, Good buy cal
VasilyTrader
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Do you agree with my analysis?
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