USD/CHF Reverse Head and Shoulders
USD/CHF is showing a clear reverse head and shoulders pattern, which indicates a possible trend reversal. However, the edge of the last shoulder intersects a strong descending trendline and so there are two possible scenarios:
Long:
-If price clearly breaks above the Resistance Zone as well as the trendline, wait for a retest and look for a long entry;
-First target around 0.9100.
Short:
-If price rejects the Resistance Zone and the trendline, with a strong bearish confirmation candle, look for short entries;
-First target around 0.8770.
Use stop-losses, a good risk management and remember this is not financial advice.
Long:
-If price clearly breaks above the Resistance Zone as well as the trendline, wait for a retest and look for a long entry;
-First target around 0.9100.
Short:
-If price rejects the Resistance Zone and the trendline, with a strong bearish confirmation candle, look for short entries;
-First target around 0.8770.
Use stop-losses, a good risk management and remember this is not financial advice.
Feragatname
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.