U.S. Dollar / Swiss Franc
Short
Updated

USD/CHF..Bearish head & shoulder pattern..

1 402
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.



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📊 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.


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📉 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





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✅ 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.




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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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