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USDCHF: Bull Flag

Long
U.S. Dollar / Swiss Franc (OANDA:USDCHF)  
cwphuah  
OANDA:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Chart Patterns USDCHF falcontradingguidance
3
0
trendanalysis chartpattern usdchf falcontradingguidance
A bull flag has just formed right after a strong impulse from a reversal. This may be a part of a descending channel that is still forming, but a head and shoulders formation is possible. This may also be an elaborate correction channel.

Steps To Take
  • Wait for the structure to form
  • Set stop loss at breakeven
  • Wait it out

Related Ideas

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USDCHF: Position to buy
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USDCHF: Potential Head and Shoulders Formation
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