USDCHF - Too many confirmations for a buy?!
USDCHF Daily on the left, identifying an inverted head and shoulder formation, with the blue line being the neckine, as well as the trendline drawn on top where we have broken above, and looks like we are coming back down for the retest of both.
H4 on the right, our key fib zone (61.8%-71%) line up with the retest of the trendline + neckline, as well as potentially reacting to another smaller scale trendline drawn
There are some powerful buy confirmations, however, I would like to see a clear price action indicating buy positions before i execute.
@PipsOfPersia
t.me/pipsofpersia
H4 on the right, our key fib zone (61.8%-71%) line up with the retest of the trendline + neckline, as well as potentially reacting to another smaller scale trendline drawn
There are some powerful buy confirmations, however, I would like to see a clear price action indicating buy positions before i execute.
@PipsOfPersia
t.me/pipsofpersia
Comment:
I have now entered a buy position