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USDCHF Inverse Head And Shoulders Pattern Update: TP1 Reached

USDCHF Inverse Head And Shoulders Pattern

Published:09-03-2018

Pair / Instrument: USDCHF

Time Frame: H1

The trend in the Timeframe: NEUTRAL

The trend in the Daily Chart:  STRONGLY BEARISH

Description: USDCHF completed an inverse head and shoulders pattern. The neckline is broken. Potential bullish continuation.

Trade Based On: Inverse Head and Shoulders Pattern

Accuracy: %95

Trade:LONG

AREA OF THE ENTRY: 0.96980

STOP: BELOW 0.96700

TARGET 1: 0.97180

TARGET 2: 10.97300

TARGET 3: 0.97500

Update: TP1 Reached. 20 Pips.

 

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

 

 

USDCHF INVERSE HEAD AND SHOULDERS PATTERN: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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