• Vasily Trader

EURCHF: Potential Buying Opportunity (trading plan)

Hey traders,

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.