ANALYSIS 🔎
- USDCHF is printing the inverse head and shoulders pattern.
- This is a trend reversal pattern.
- A bullish pattern to be precise.
- Price is testing the neckline resistance.
- There's an upward breakout potential.
BUY ENTRY ⬆️
- Breakout above the inverse head and shoulders neckline resistance.
TARGETS 🎯
- Fibonacci extension levels
SETUP INVALIDATION ❌
- Breakdown below the right shoulder's horizontal support level (S1).
- USDCHF is printing the inverse head and shoulders pattern.
- This is a trend reversal pattern.
- A bullish pattern to be precise.
- Price is testing the neckline resistance.
- There's an upward breakout potential.
BUY ENTRY ⬆️
- Breakout above the inverse head and shoulders neckline resistance.
TARGETS 🎯
- Fibonacci extension levels
SETUP INVALIDATION ❌
- Breakdown below the right shoulder's horizontal support level (S1).