The M5 and M15 time frames may have more false entry points.
FX.co ★ GBPCHF M15: Head and Shoulders
Signal strength 2 of 5
GBPCHF M15: Head and Shoulders
According to the chart of M15, GBPCHF formed the Head and Shoulders pattern. The Head’s top is set at 1.1450 while the median line of the Neck is found at 1.1415/1.1412. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of GBPCHF will go towards 1.1389.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade