USDCHF: Reverse Head and Shoulders pattern almost completed!

FX:USDCHF   U.S. Dollar / Swiss Franc
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🟢Forex Pair:

Technical Analysis:
Since December 2020, the price has been moving getting many rejections on a strong daily resistance zone at about 0.89200, creating a possible inverted head and shoulders pattern.
It is currently re-testing the same level and the next price action around that level will be essential to understand the next market movement.

The head and shoulders is usually a market reversal pattern, obviously it depends on the circumstance, so I'm confident to see the price getting an upcoming uptrend, breaking through the strong daily resistance zone .
I'll be waiting for a proper breakout before planning my long position.

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⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️

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Similar thoughts...All the best!!
+1 Reply
@abel11, to you as well, thanks so much!
thank you for this one!
+1 Reply
FXtrades-gp TheSignalyst
@TheSignalyst, Thanks so much! :D let's wait the market now!
totally agree with support in usd pairs and pump of them
+1 Reply
FXtrades-gp MMBTtrader
@MMBTtrader, thanks for ur comment! :D appreciate!
ascending traingle detected
+1 Reply
FXtrades-gp Babenski
@Babenski Yep ! That’s true ! 😁 thanks babenski
Great analysis. Top notch!
+1 Reply
FXtrades-gp UnknownUnicorn11814166
@UnknownUnicorn11814166 thanks for your feedback! I really appreciate that 😁
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