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EURCHF Short Potential H&S / Small Double Top

by Sanjay A, January 27, 2023

EUR/CHF H1 Classical Chart Patterns

by Sanjay January 27, 2023

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EUR/CHF

|

Short

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H1

Timeframe:

H1

Analysis Method:

Classical Chart Patterns

Analysis:

Giving some room with my stop if the head and shoulders doesn’t pan out as there is also a small double top. Provided I’m not stopped out, I will close the position if price is still above the neck line by the end of the day.

Trade Plan:

Stop: 1.00527
Target: 0.9920
Return/Risk: 4.6x

LEAVE YOUR COMMENT HERE:

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  1. Price hasn’t broken the neckline but it’s moving in the right direction, so I’ll hold through the weekend. Also, EURGBP has a similar H&S and price has broken through the neckline.

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