The Head and Shoulders pattern has formed on the USDCHF H1 chart. The head high is at 0.7921, while the neckline passes through 0.7860/0.7864. The pattern may reverse the current uptrend. A break below the lower neckline anchor may confirm the bearish reversal. FX.co ★ USDCHF H1: Head and Shoulders
Signal strength 4 of 5
USDCHF H1: Head and Shoulders
The Head and Shoulders pattern has formed on the USDCHF H1 chart. The head high is at 0.7921, while the neckline passes through 0.7860/0.7864. The pattern may reverse the current uptrend. A break below the lower neckline anchor may confirm the bearish reversal. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade