StevenH
Short

New analysis for the USDCHF

FX_IDC:USDCHF   U.S. Dollar/Swiss Franc
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
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
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