FullTimeTrader
Long

USDCHF-broke strong resistance-cup and handle pattern

FX:USDCHF   U.S. Dollar/Swiss Franc
458 3 11
I like patterns because we can trade it without complicated analysis.
Here i see a cup and handle pattern, very similar to a previous successful trade on GBPUSD            
GBPUSD-broke and close above 1.50000 - cup and handle pattern


Price broke strong level 0.95 and is targeting new highs.
This pair is negative correlated with the EURUSD             , so we can have more information about the future movementes on EURUSD             .
Best regards.

*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis before opening a trade.
Managing is 60% of a trade, anytime I may decide not to open, close or even stop and reverse a trade depending on price action.
Any respectfull and constructive ideas are welcome.
We all are here to learn sharing ideas, have fun and improve our performance.
IvanLabrie
2 years ago
Nice one.
EURGBP might be a short then, and long GBPCHF perhaps.
Reply
FullTimeTrader
2 years ago
EW count for this pair
snapshot
Reply
IvanLabrie FullTimeTrader
2 years ago
Nice, like the LD.
So, impulsive C up, looks intense.
Reply
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