Im spotting a bearish Head and Shoulders pattern on USDCHF, and it sounds like a neckline break has occurred, which is your trigger for short entry.
Let's break down the trade setup you're considering:
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🟦 Trade Plan Summary – USDCHF Short
Pattern: Bearish Head and Shoulders
Neckline: Broken (confirmed breakout)
Entry: 0.81700 (current position)
TP1: 0.80440
TP2: 0.79370
SL (Suggested): Above right shoulder – e.g., 0.8200–0.8220 depending on volatility.
---
📊 Technical Breakdown
🟥 Head & Shoulders Breakdown:
Left Shoulder: ~0.8180–0.8190
Head: ~0.8260–0.8275
Right Shoulder: ~0.8180 again
Neckline: Likely drawn from around 0.8140–0.8150 support zone
With the break below neckline and a possible retest, you're in a solid technical spot.
---
📉 Target Zones:
1. TP1 – 0.80440
Former support from April–May price action
Near-term objective; good partial close area
2. TP2 – 0.79370
Much deeper support zone (early 2023 lows)
Completion of full H&S measured move
---
✅ Trade Management Advice
Measured Move Method:
Height from head to neckline is ~120 pips → Subtracting from neckline ~0.8150 gives a rough projected target: 0.8030 → supports your TP1.
Trailing SL:
Consider moving stop to breakeven after price clears 0.8080–0.8050.
Fundamentals:
CHF strength can often come with global risk-off sentiment.
USD weakness may continue if Fed dovishness grows.
---
Would you like a visual chart breakdown of this USDCHF pattern? If you upload a screenshot or confirm the chart time frame (e.g., H4, daily), I can generate a more specific analysis.
Let's break down the trade setup you're considering:
---
🟦 Trade Plan Summary – USDCHF Short
Pattern: Bearish Head and Shoulders
Neckline: Broken (confirmed breakout)
Entry: 0.81700 (current position)
TP1: 0.80440
TP2: 0.79370
SL (Suggested): Above right shoulder – e.g., 0.8200–0.8220 depending on volatility.
---
📊 Technical Breakdown
🟥 Head & Shoulders Breakdown:
Left Shoulder: ~0.8180–0.8190
Head: ~0.8260–0.8275
Right Shoulder: ~0.8180 again
Neckline: Likely drawn from around 0.8140–0.8150 support zone
With the break below neckline and a possible retest, you're in a solid technical spot.
---
📉 Target Zones:
1. TP1 – 0.80440
Former support from April–May price action
Near-term objective; good partial close area
2. TP2 – 0.79370
Much deeper support zone (early 2023 lows)
Completion of full H&S measured move
---
✅ Trade Management Advice
Measured Move Method:
Height from head to neckline is ~120 pips → Subtracting from neckline ~0.8150 gives a rough projected target: 0.8030 → supports your TP1.
Trailing SL:
Consider moving stop to breakeven after price clears 0.8080–0.8050.
Fundamentals:
CHF strength can often come with global risk-off sentiment.
USD weakness may continue if Fed dovishness grows.
---
Would you like a visual chart breakdown of this USDCHF pattern? If you upload a screenshot or confirm the chart time frame (e.g., H4, daily), I can generate a more specific analysis.
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Gold Signal's with proper TP & SL for high profit opportunities..
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📲 Join telegram channel free ..
t.me/+yJ2-qfkocRg1NDlk
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/+yJ2-qfkocRg1NDlk
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.