Auf geht's
W4DL

CHFHUF Head and Shoulders Forming at Major Resistance?

Short
Swiss Franc / Hungarian Forint (FOREXCOM:CHFHUF)  
W4DL Aktualisiert   
FOREXCOM:CHFHUF   Swiss Franc / Hungarian Forint
Trend Analysis Chart Patterns Head and Shoulders CHFHUF HEAD AND shoulders short chfhufshort scalp daytrade
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trendanalysis chartpattern headandshoulders chfhuf head and shoulders short chfhufshort scalp daytrade
On the 1hr chart it looks like CHFHUF is forming a Head and Shoulder pattern, what would confirm a reversal at the resistance shown on the right daily chart .

A strong resistance on the right daily is tested with the head of this potentially H&S .
The combination of these makes this a great R:R trade to try, even if this is not forming an H&S there is still this strong resistance for backup.

Thanks for reading and feedback is welcome!

Wesley
Kommentar:
Back at a point that became a support for the shorter term.
The H&S idea is out, a double top is possible but then we are at the support at the moment.
snapshot
Kommentar:
I’m using a trailing stop for now.
Stop to entry is also possible.
snapshot
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