scottnereus
Long

EURCHF LONG , H&S + WEEKLY SUPPORT

OANDA:EURCHF   Euro / Swiss Franc
Head and shoulders formation taking effect with a broken neckline, price has rejected from the weekly support (successfully closing above on the daily TF). Downside risk will be dependent on geo political risk , this affects the flows towards/out of the Swiss Franc .
UPDATE: though the trade was slightly in profit , EURCHF reversed quickly with geopolitical tensions rising - we identified this as a risk upon posting this set up.
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