My analysis in USDCHDF is:
1. USDCHF have a posibility to make a ascending triangle, and it can be breakout. But, before that,
2. In mid term, 4H timeframe, it have a potential to make a IHaS. Now it can be a forming right shoulder
Strategy: Long if it can retrace and then avg up when it confirm IHnS.
SL: swing from right shoulder.
1. USDCHF have a posibility to make a ascending triangle, and it can be breakout. But, before that,
2. In mid term, 4H timeframe, it have a potential to make a IHaS. Now it can be a forming right shoulder
Strategy: Long if it can retrace and then avg up when it confirm IHnS.
SL: swing from right shoulder.
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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.