Get started
Krystiannwk

USDCHF on the way to go above 1.0 once again

Long
U.S. Dollar / Swiss Franc (FOREXCOM:USDCHF)  
Krystiannwk  
FOREXCOM:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Harmonic Patterns Chart Patterns USDCHF double bottom invertedheadandshoulders Bullish Patterns gap psychologicalroundnumber
2
0
trendanalysis harmonicpatterns chartpattern usdchf double bottom invertedheadandshoulders bullish gap psychologicalroundnumber
USDCHF is on bullish trend since mid February. It formed double top above 1.0 and then went down. When U look at the chart it seems like that any short attempt for this pair is stop by strong bullish movement. I market on the chart inverted H&S formation plus double bottom which is holding pair above one of the Daily GAPs. To me this pair is preparing to go above 1.0 level and reach another highest high which is around 1.0333.
I would consider this trade as the mid/long term with quite nice risk/reward ration close to 3:1.

Related Ideas

Krystiannwk
USDCHF is waiting for right moment to strike 1.0 mark once more
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.