-head and shoulder pattern on daily
- break and retest of H&S neckline
- head distance is usually == distance of neckline break - This is where TP is placed.
GBPCHF Long to 1.54000
Confluence Factors include:
1.50750 level was previously resistance and could now be turning into a support level.
The previous 2-3 weeks have been very bullish so i will be trading with the trend.
Textbook pullback onto previous support level (1.50750) and rejection of that level with a nice low test candle stick.
