The balance of power in USDCHF is gradually improving. Market sentiment is becoming more positive for purchases.
A classic Head and Shoulders pattern emerged on the chart. The neckline in green has been apparently pierced, confirming the completion of this reversal pattern. This is an important signal indicating a potential price increase. It is important to be vigilant for possible retesting of the Neckline, which often occurs as this pattern develops.
It is recommended to prioritize long positions on USDCHF in the current situation. Entry points can be selected both at current prices and based on an outcome of a retest of the specified resistance level.
📌 Entry: 0.79576
✔️ First target: 0.81161
✔️ Second target: 0.81592
❌ Stop order: 0.78285
