In today’s post I’m looking the USDCHF which is in an uptrend and the EURGBP which is a downtrend.
Category: Charts, Levels and Strategizing
Last weekend I wrote about the USDCAD that made a lower low here. I suggest you read that post first before reading this one.
In this post I’m taking a look at the USDCAD, but first I want to make a couple comments on last week’s post where I discussed the CHFJPY.
The chart below is that of the CHFJPY daily and it is currently testing support.
In today’s post I will be discussing the inverse head and shoulders pattern that recently formed in the USDCHF forex pair. This was on the daily chart and the breakout happened on the 1st of February 2021. I will give my opinion / insight on how I think traders out there might / could have traded it; hoping readers gain some insight from it. Let’s start.