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U.S. Dollar / Swiss Franc
Long

USDCHFđź’˛Head and shoulders!âť—

By TradingAlchemist
USD / CHF, an additional signal in favor of the fall of the Dollar Franc currency pair on FOREX will be a rebound from the trend line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the Head and Shoulders reversal pattern. Cancellation of the option to drop the USD / CHF pair on Forex will be a strong growth and a breakdown of the 0.9405 area. This will indicate a breakdown of the resistance area and a continued rise in the USD / CHF quotes in the area above the level of 0.9635. It is worth waiting for confirmation of a fall in the USD / CHF quotes with the breakdown of the support area and closing the price below 0.9215, which will indicate the completion of the formation of the “Head and Shoulders” reversal pattern.

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TradingAlchemist
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