USDCHF-1H Bullish Shark
Pair has shown completion of bullish shark pattern at 1.618 extended to HOP level of 1.902.
There is a previous bearish H&S pattern in motion.
So looking for a quick retracement in counter direction.
Pair has formed temp DB and currently DB price is showing volatility divergence on BB.
MA and BB upper band are near 50% retracement.
RSI shows bullish divergence and high momentum above 60.
There is a previous bearish H&S pattern in motion.
So looking for a quick retracement in counter direction.
Pair has formed temp DB and currently DB price is showing volatility divergence on BB.
MA and BB upper band are near 50% retracement.
RSI shows bullish divergence and high momentum above 60.
Trade closed: target reached
T1 and T2 reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.