USDCHF Multi-Timeframe Analysis | Long

FOREXCOM:USDCHF   U.S. Dollar / Swiss Franc
Hi Everyone,

This is my trading analysis for USDCHF . USDCHF formed an inverted head and shoulders on the daily chart . Potential longs will be confirmed only on candle closed above the neckline of the inverted head and shoulder. Buy will be placed around the 0.89200 level, stop loss will be placed below two minor support on the 4-hr timeframe marked in yellow on the char at 0.8785o and take profit will be placed for monthly resistance at 0.93500.

Please perform your own trading analysis and use proper risk management. Also, feel free to leave a comment or send message me.


nice identification of that key level. Expecting a break this week.
@Jal121 Thanks! Let’s wait and see.
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