U.S. Dollar / Swiss Franc
Short
Updated

USD/CHF Head and Shoulders Pattern Signals Bearish Reversal

402
The USD/CHF 4-hour chart shows a clear Head and Shoulders pattern, a classic reversal signal. The Left Shoulder, Head, and Right Shoulder are well-formed, suggesting bearish momentum. The price is currently consolidating below the neckline, indicating a potential breakout to the downside. The Ichimoku cloud confirms resistance above the current price level, adding further bearish bias. If the price breaks below the neckline decisively, a significant downward move is expected.

Entry point: 0.82080
First target: 0.80638
Second target: 0.79500

If you found this analysis helpful, don’t forget to drop a like and comment . Your support keeps quality ideas flowing—let’s grow and win together! 💪📈
Trade active
Trade active in sell

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.