USD-CHF POTENTIAL HEAD AND SHOULDERS ON MULTIPLE TIME FRAME

3 ก.ค. 2020

USD-CHF PAIR MAY FORM HEAD AND SHOULDERS ON SMALLER TIME FRAME (M-15) WHICH IS AT RIGHT SHOULDER AREA.

M-15 HEAD AND SHOULDERS (MARKED WITH PURPLE COLOR)

BUY ENTRY: 0.9460 (AT MARKET)
STOP LOSS: 0.9440 (AGGRESSIVE) OR 0.9425 (CONSERVATIVE)
TARGET: 0.9490 (COMPLETES HEAD AND SHOULDERS ON M-15)


H-1 HEAD AND SHOULDERS (MARKED WITH YELLOW COLOR)

WHERE M-15 HEAD AND SHOULDERS FORMATION COMPLETES (AROUND 0.9490) USD-CHF MAY RETRACE ON H-1 TIME FRAME TO FORM POTENTIAL BIGGER HEAD AND SHOULDERS (H-1).
SO, WE MAY LOOK TO BUY AGAIN AS BELOW:

BUY ENTRY: 0.9455
STOP LOSS: 0.9440 (AGGRESSIVE) OR 0.9425 (CONSERVATIVE)
TARGET-1: 0.9490 (RE-TEST OF NECK LINE)
TARGET-2: 0.9525 (MEASURED MOVE AS PER HEAD AND SHOULDERS FORMATION)

TRADERS CAN HOLD THEIR POSITION ON THE BASE OF M-15 HEAD AND SHOULDERS UP TO TARGET OF BIGGER HEAD AND SHOULDERS.