EURCHF: Potential Buying Opportunity (trading plan)
EURCHF is currently consolidating on daily support.
The price is trading within a very narrow trading range on an hourly time frame.
For now, we got a perfect foundation for an inverted head and shoulders pattern:
the price has already formed a left shoulder and head, and currently completing its right shoulder.
To buy wisely,
wait for a bullish breakout of the underlined horizontal neckline with your stop at least below a right shoulder.
It will confirm a coming bullish movement.
Goals will be:
In case of a bearish violation of a head level, setup will be invalid.