StevenH
Short

New analysis for the USDCHF

FX_IDC:USDCHF   US DOLLAR / SWISS FRANC
9 months ago
In my new analysis of the USDCHF             i have found a trading opportunity that will fit into my plan. Doing my top down analysis i realized that on the daily chart we have recently put in a break and close below a previous support level. In my humble opinion this now puts us in a bearish rotation. Dropping down to the 4hr time frame ( trading time frame ) i could not help but notice that we have put in a nice head and shoulders pattern. So i am waiting for the close of this candle to show that we have broke the neckline of the head and shoulders, then i will be waiting for a rally back up to the neckline to give me a good risk to reward before entering this trade. If you like my analysis then check out my YOUTUBE channel for free lessons and live trading in the markets.

LINK: https://www.youtube.com/channel/UCGL9ubdGcvZh_dvSV2z1hoQ
9 months ago
Trade active: ENTERED the trade at the right shoulder with a great risk to reward and bigger targets. we will see how it plays out tonight and into tommorow

Related Ideas

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out