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PipsOfPersia
May 13, 2019 10:40 AM

USDCHF - Too many confirmations for a buy?! Long

U.S. Dollar/Swiss FrancFXCM

Description

USDCHF Daily on the left, identifying an inverted head and shoulder formation, with the blue line being the neckine, as well as the trendline drawn on top where we have broken above, and looks like we are coming back down for the retest of both.

H4 on the right, our key fib zone (61.8%-71%) line up with the retest of the trendline + neckline, as well as potentially reacting to another smaller scale trendline drawn

There are some powerful buy confirmations, however, I would like to see a clear price action indicating buy positions before i execute.

@PipsOfPersia

t.me/pipsofpersia

Comment

I have now entered a buy position
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