CHFHUF Head and Shoulders Forming at Major Resistance?

On the 1hr chart it looks like CHFHUF is forming a Head and Shoulder pattern, what would confirm a reversal at the resistance shown on the right daily chart .

A strong resistance on the right daily is tested with the head of this potentially H&S .
The combination of these makes this a great R:R trade to try, even if this is not forming an H&S there is still this strong resistance for backup.

Thanks for reading and feedback is welcome!

Wesley

Yorum:

Back at a point that became a support for the shorter term.
The H&S idea is out, a double top is possible but then we are at the support at the moment.

Yorum:

I’m using a trailing stop for now.
Stop to entry is also possible.