The 4hr timeframe of the USDCHF is shown in this analysis from ~February 26, 2018 till present date. The June 14 till August 21, 2018 saw the USDCHF form a complex head and shoulders top pattern (ideally bearish).
Point of invalidation is when price action closes above the head (H) of the pattern which is ~1.00691. Projection of the termination point of the bearish move anticipated is ~0.96636.
This is achieved by taking the width of the pattern as the vertical distance between the head (H) and the neckline and projecting below the neckline.
Point of invalidation is when price action closes above the head (H) of the pattern which is ~1.00691. Projection of the termination point of the bearish move anticipated is ~0.96636.
This is achieved by taking the width of the pattern as the vertical distance between the head (H) and the neckline and projecting below the neckline.
