TradingView
TheTradersAvenue
Feb 1, 2021 8:33 AM

USDCHF > Beauty Head and Shoulder on The Daily!! Long

USD/CHFOANDA

Description

If you enjoy this free analysis please like and leave a comment below it will really support creating more free analysis and ideas for you.

Analysis of #USDCHF

Hello friends,

Long time since I last traded this pair, it is so messy, but anyway it is been an indication of DXY index, both moving the same way, if you check the DXY you will see the same pattern.

Possible head and shoulder on the daily tie frame might break soon, even that I don't believe in strong USD in the short term I have to watch this pattern carefully.

As usual, will be waiting for a break and close of the neckline and a confirmation we are changing direction to enter long targeting the next resistance level

let me know in the comment what pair you want to see the analysis for in my next free analysis

Safe trading everyone

Check today analysis below⠀

_____________________________________________________________________________⠀
-disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only⠀
-⚠ please note this is just a prediction and i have no reason to act on it and neither should you
Comments
Dave-FX-Hunter
Well done
CobraVanguard
nice analysis
see my analysis

Sims_SA
Beautiful inverted head n shoulder
TheTradersAvenue
@Sims_SA, glad you liked it
Sims_SA
@TradingAxis, yeah bcz that is the exact same thing I saw when I made my analysis, but first I saw the pattern without analyzing
DACapitalTrading
all the best mate
TheTradersAvenue
@DACapitalTrading, thanks a lot
Zoabi1
nice inverted head and shoulder
TheTradersAvenue
@Zoabi1, glad you liked it
More