USDCHF reached a support zone, and got rejected. Check out the engulfing candle. We know where the buyers are.
Seems like we also made a higher low swing with the right shoulder. Not a textbook head and shoulders, but rarely do we get perfection. Again, all this pattern shows us is a shift from one trend to another.
I would await for a close above 0.9780 to get above those candles as indicated by the blue neckline.
0.9900 zone for take profit target.
Seems like we also made a higher low swing with the right shoulder. Not a textbook head and shoulders, but rarely do we get perfection. Again, all this pattern shows us is a shift from one trend to another.
I would await for a close above 0.9780 to get above those candles as indicated by the blue neckline.
0.9900 zone for take profit target.