GBP/CHF Head & Shoulders - Short
GBP/CHF H4 time frame making a head & shoulders pattern. Price is currently at key level support. If we break this support, we could find price moving to the downside. Potential 100+ pip if we can find good entry with confirmation.
Overall trend: Down
Stop Loss: ~1.2300
Entry: roughly 1.2190 zone
TP 1: 1.21200
TP 2: 1.20700
Overall trend: Down
Stop Loss: ~1.2300
Entry: roughly 1.2190 zone
TP 1: 1.21200
TP 2: 1.20700
Note
Still waiting for price to break key level support before we make entry.Note
Price approaching our entry. Let's wait for a break and hold around 1.2170!Order cancelled
Head and Shoulders setup did not follow through.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.