USDCHF: Bull Flag

26 בספט׳ 2019

A bull flag has just formed right after a strong impulse from a reversal. This may be a part of a descending channel that is still forming, but a head and shoulders formation is possible. This may also be an elaborate correction channel.

Steps To Take

• Wait for the structure to form
  
• Set stop loss at breakeven
  
• Wait it out