Pattern Breakdown
This chart is just showing off with all the head-and-shoulders patterns. We had a couple of textbook setups earlier in the year that gave us clean breakdowns, and now? We’ve got an inverted head-and-shoulders at the bottom. Translation: USD/CHF is hinting that it’s tired of going down and might be ready for a serious comeback.
The Old School...
So, here’s where we’re at: CAD/CHF has been hanging out in this tight box between 0.6230 and 0.6430 for a while, just begging for a breakout. And Edge-Forex is calling it – we’re leaning bullish on this setup. Here’s why. 👀
Top of the Range Pressure 💥
Right now, price is sitting right up against that 0.6430 resistance, and with the way momentum is building, it’s...
So, here’s the deal with EUR/USD – it’s throwing out a pretty juicy head-and-shoulders pattern. If you’re not familiar, just think of it like this: the market is literally shrugging its shoulders, and when it does that, it usually means it’s getting ready to slide downhill. And guess what? We’ve seen this exact move before... twice. 📉
Pattern Repeat: Déjà Vu, But...
