USDCHF | Perspective for the new week

FX:USDCHF   U.S. Dollar / Swiss Franc
In my last publication on this pair, I projected that the Bearish run that began in November 2020 has found a bottom and a reversal is at the corner (see link below for reference purposes), but unfortunately, it didn't go as expected as it took price exactly 30days to complete an Inverse H and S pattern (Reversal Pattern) with clues of how to hop in the rally.
As USDCHF cap below Fr0.89200, a break above this zone in the coming week would complete a “Head and Shoulders” triggering corrective recovery above Fr0.89400 for a rally.

Tendency: Uptrend ( Bullish )
Structure: Reversal pattern (Inverse H & S) | Supply & Demand
Observation: i. Inverse H& S: Bearish Leg that began Nov. 2020 falls to make a Shoulder and then rises to the Neckline(Fr0.89200); price then falls again and below the former Shoulder to make a Head and then rises again; finally, the price falls again but not as far as the second Shoulder.
ii. The Reversal pattern explained above supports a Breakout of the Neckline zone @ FR0.89400 in the coming weeks.
iii. For the cautious, a successful Breakout followed by a Retest of this zone might be a signal to hop into the rally.
iv. Please note that this is a counter-trend opportunity which might lead into a corrective phase of the obvious Downtrend.
Trading plan: BUY confirmation with a minimum potential profit of 180 pips.
Risk/Reward: 1:3
Potential Duration: 4 to 10 days

NB: This speculation can be considered to make decisions on lower timeframes.

Watch this space for updates as price action is been monitored.

Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.


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