Looking at the 4 hour timeframe we can see a corrective ABC structure formed. With wave C complete we can expect a surge to the upside to continue the once bullish trend before the correction. On the H1 timeframe we have a complete inverse head and shoulders pattern. I must admit this is a weird looking neckline but it'll serve its purpose. I expect a break above and a retest of the neckline before placing a buy entry.
If you enjoy this post please do let me know by hitting the like button and sharing. I would mostly appreciate your perspectives on UCHF down in the comments.
Targets:
0.94600 0.95000 0.95300
Not
Trade confirmation wasn't given. I do advise a little patience as it has bounced off of the weekly support level.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.