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RiosTrades

CAD/CHF INVERTED HEAD AND SHOULDER PATTERN!!

Long
Canadian Dollar/Swiss Franc (FX:CADCHF)  
RiosTrades  
FX:CADCHF   Canadian Dollar/Swiss Franc
Trend Analysis Chart Patterns Technical Indicators forextrading CADCHF canadiandollar swissfranc invertedheadandshoulders Head and Shoulders breakout LONG Bullish Patterns
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trendanalysis chartpattern indicator forextrading cadchf canadiandollar swissfranc invertedheadandshoulders headandshoulders breakout long bullish
Price Action (Technical Analysis): Spotted a potential Inverted Head and Shoulders Pattern at Key Support Zone while in an Oversold Market in Weekly Time-Frame. We have a Bias that price needs to press up due price pressing down to Weekly low in this Triangle Trend (Weekly Time-Frame). Our last resort to continue this idea would be price rallying at the 61.8%, once price breaks and closes below.. Trade is invalid and we will wait for more suitable market conditions for our next advanced pattern breakout.

Fundamental Analysis: None.
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