by Sanjay A, January 27, 2023
by Sanjay January 27, 2023
EUR/CHF
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Short
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H1
H1
Classical Chart Patterns
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.
Stop: 1.00527
Target: 0.9920
Return/Risk: 4.6x
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Closed out at breakeven.
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.