USD/CHF: Inverse Head and Shoulders, what to expect?
Hi guys,
Very nice inverse H&S pattern on USD/CHF.
As you can see, price has just broken the neckline on H4 and we have now a confirmation that the pair is following a bullish trend.
The volume profile can show us that we should find some selling pressure at around 0.90 (high volume node), which will be my first target (T1) and another one at around 0.90500 - 0.90750 (T2).
The technical target of the pattern is T2.
Trade with care!
Very nice inverse H&S pattern on USD/CHF.
As you can see, price has just broken the neckline on H4 and we have now a confirmation that the pair is following a bullish trend.
The volume profile can show us that we should find some selling pressure at around 0.90 (high volume node), which will be my first target (T1) and another one at around 0.90500 - 0.90750 (T2).
The technical target of the pattern is T2.
Trade with care!
Comment:
Trade closed: target reached:
1st target hit
Comment:
The pair will likely correct a little bit until it reaches T2
Trade closed: target reached:
T2 reached