Hello traders,
let’s hit the charts:
1. EUR/USD
A head and shoulder pattern spotted on the 1 hour time frame of the EUR/USD
Price has broken past the neckline (1.19209). price next stop will most likely be 1.19857, and if the bulls are well motivated, we may see price hit the second resistance level (1.20568)
2. GBP/CHF
GBP/CHF has formed series of higher lows and price is currently within a key resistance zone.
If price breaks through the current resistance zone, we may most likely see price head for resistance level 1.28925
3. USD/CHF
Another head and shoulders pattern formation on the 1 hour time frame of the USD/CHF.
If price breaks the neckline, then the bears may be encouraged to take price further down to 0.91327.
A reversal means the bulls may most likely head back to resistance level 0.92121
So before you take this trade, ensure you wait for confirmation
What say you?
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