360
Long

USDCHF Double Bottom and Inverted H&S on Daily

FX:USDCHF   U.S. Dollar/Swiss Franc
115 3 4
As mentioned in the subject, on Daily we have DB             and iH&S, both reversal patterns, We have a break of the neckline and a pullback for probably retest of it. I will be looking for a good entry and will target 61.8 fib retracement, as it's the exact length of the head of the iH&S pattern. Only thing that worries me here, is the rising wedge, normally a bearish pattern . But as long as it does not break out of it, long on touch of the bottom trend line, should be fine. Invalidation point i guess would be close below 23.6 fib.
Rinehart
2 years ago
Please give me 0.9000 to buy like a demon!
Reply
360 Rinehart
2 years ago
That makes two of us brother.
Reply
360
2 years ago
Target met. You are welcome :)
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