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VasilyTrader
Aug 21, 2019 10:23 AM

USDCHF Trading Plan Short

U.S. Dollar/Swiss FrancFXCM

Description



potential head and shoulders pattern formation on USDCHF.
Our plan is to wait until a formation of a right shoulder
and sell the retest of broken neckline.
However, attention! here the neckline is very wide and you need to let bear go through it.

the you can set your sell limit.
T1 - 0.9740
T2 - 0.9705
Comments
Siegemp555
Let’s see, it’s a good plan, if right shoulder forms, sell broken neckline. Thanks!
VasilyTrader
@Siegemp555, thank you and lets see. the market might just set new higher high and setup will be invalid
Smokar1
i believe the opposite will happen
VasilyTrader
@Smokar1, I dont know
Antonio_trader
With FED minutes coming out today, CHF could get a boost on dovish rhetoric, if there is mention of further cuts.
VasilyTrader
@AntonioFX777, for that reason the setup is conditional. and we gonna trade it IF ONLY the pair breaks below support
VasilyTrader
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