The USDCHF pattern revealed on the chart indicates weakness in upward momentum.
A Head and Shoulders pattern has been formed. As part of the development of this reversal pattern, a downward trend is expected to develop.
At the same time, the price may test the neckline again after some time.
Short positions should be prioritized to trade USDCHF. A trader can enter using the current price levels or, alternatively, it can be done after a retest of the resistance level.
📌 Entry: 0.79718
✔️ First target: 0.79504
✔️ Second target: 0.79455
❌ Stop order: 0.79828
