USD/CHF has been in a bullish trend for the past few weeks; however, the momentum appears to be weakening as the price has moved sideways recently. Additionally, a Head and Shoulders reversal pattern has formed, signaling a potential trend reversal. A short position can be considered upon a confirmed breakout below the neckline, with targets aligned to the measured projections of the pattern.
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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.