USDCHF bearish chart pattern:4 hr tf

The 4hr timeframe of the USDCHF is shown in this analysis from ~February 26, 2018 till present date. The June 14 till August 21, 2018 saw the USDCHF form a complex head and shoulders top pattern (ideally bearish).

Point of invalidation is when price action closes above the head (H) of the pattern which is ~1.00691. Projection of the termination point of the bearish move anticipated is ~0.96636.

This is achieved by taking the width of the pattern as the vertical distance between the head (H) and the neckline and projecting below the neckline.
Bitcoin (Cryptocurrency)Chart PatternsChart patternscoinanalystinvestmentsForexforexsignalsfxrippleTrend AnalysisUSDCHFWave Analysis

Also on:

Related publications

Disclaimer