bitcoinsimple and clear if btc can break the yellow trend ((neck line)) the test of gap in blue box area is on play.
good luck & if this analyze deserve a like press that. tnx
Neck
USDCHF On the Final Supportprice looks losing power to make another higher high. we can identify this as the sign of reversal.
but we need confirmation. Now price on the final support (horizontal structure and EMA90 )
if price break this support, we can wait some pullback to short
GBP USD SHSPrice hit Supply zone from may...and formed SHS formation now waiting for a Neck break /confirmation to go short...
Possible neck breakWe seem to be close to complete a classical head & shoulders reversal pattern. If we break the neck line around 234, it is possible that we will keep all the way down and then possible short position with an objective around 222.
This situation should resolve in the following 2 sessions (8 h)
