Head & Shoulders - USDCHF
USD/CHF has what looks to be a Head & Shoulders reversal pattern!!
-Price has worked under the 200 EMA and my Dynamic S&R showing signs of an imminent reversal favoring my bearish bias on the pair!
-The Head & Shoulder Pattern is made up of 3 peaks, the 2nd being the highest "the Head" with the "Right Shoulder" being lower, thus starting the downtrend movement towards the support or "Neckline" where then price will give us the bearish break to continue down!
*Price MUST Break and Close below the Neckline to make this pattern Valid!
-Price has worked under the 200 EMA and my Dynamic S&R showing signs of an imminent reversal favoring my bearish bias on the pair!
-The Head & Shoulder Pattern is made up of 3 peaks, the 2nd being the highest "the Head" with the "Right Shoulder" being lower, thus starting the downtrend movement towards the support or "Neckline" where then price will give us the bearish break to continue down!
*Price MUST Break and Close below the Neckline to make this pattern Valid!
Novi_FIbonacci
Telegram - t.me/+l3fTcsZu91ZiZDkx
Telegram - t.me/+l3fTcsZu91ZiZDkx
Penafian
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