U.S. Dollar / Swiss Franc
Long
Updated

USDCHF neckline of IH&S and the pennant

51
USDCHF is sitting at a very interesting range right now. it's sitting at the neckline of Inverse head on shoulders on multiple time frames
It's also forming a pennant on 15 minute chart. if it breaks to the upside, it'll also break the neckline of IH&S and we'll see 100-150 pip move to the upside.
Trade active
We've a breakout.
Note
+30 pip positive. setting stop at entry.
Trade closed: target reached

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.