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exp3r13nc3

USDCHF IH&S breakout or fakeout?

U.S. Dollar / Swiss Franc (OANDA:USDCHF)  
exp3r13nc3 Updated   
OANDA:USDCHF   U.S. Dollar / Swiss Franc
Head and Shoulders USDCHF usdchfanalysis usdchfidea usdchfprediction
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headandshoulders usdchf usdchfanalysis usdchfidea usdchfprediction
Did USDCHF just broke out of Inverse head and shoulder neckline, or is this a fakeout and it'll fail at previous resistance at 0.89459? I guess we'll see.
Trade active:
Doesn't looks like a fakeout. that means it's a real breakout. I'm in for a long.
Comment:
It needs to maintain the price above 0.895xx range or else it'll fail.
will have to wait for 4 hour candle to close and act as confirmation.
Comment:
snapshot

If the pennant breaks to the downside and 0.894xx is breached, this idea will become invalid.
Comment:
Nice bounce off of neckline as expected.
Comment:
+30 pips positive. stop at entry.
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