thescalpmaster

USDCHF simple, short-term analysis.

FX:USDCHF   US-Dollar / Schweizer Franken
23 0 5
After a inconsistent H&S pattern, it looks like there might be another opportunity to get on a short trade!

It has been trying so hard to break the trendline from more than 12 hours(long time if you consider the timeframe). I think the pattern is obvious.( Break up the trend line for the first time -> crawl it back to the line -> continuation of trend)

Regarding that candle, I don't yet find it completely reliable because i)the candle occured in the last hour before close ii) it broke above the MA.

Anyways, it's time to keep a close eye on this chart because there might be a good short term trade.
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