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Bullish head and shoulders, 300 pips anyone?
British Pound / Swiss Franc
Long
Bullish head and shoulders, 300 pips anyone?
By JaredJJohnson
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Jul 14, 2016
7
Jul 14, 2016
GBPCHF as well as most other GBP pairs, we are looking for some GBP bullish/short term movement.
We have a nice short term head and shoulders pattern on the 4 hour chart:
Neckline: 1.3160/70 area
Price projection: 1.3550
Rejection: below 1.2900 this is a no go
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