FX.co ★ USDCHF M5: Head and Shoulders

The Head and Shoulders pattern has formed on the USDCHF M5 chart. The head high is at 0.8146, while the neckline passes through 0.8100/0.8110. The Head and Shoulders signals a potential reversal of the uptrend. A break below the lower neckline anchor may confirm the bearish reversal.