SELL TREND start in USDCHF market, foremed H&S pattern at top...📉 USDCHF Price Forecast 📉
OANDA:USDCHF
USDCHF has reached the top of the uptrend and formed a Head and Shoulders pattern, a classic reversal signal. The neckline of this pattern has been broken, and now the pair is heading towards a breakdown of the 200 EMA, supported by a strong bearish candle.
This confirms a shift in momentum to the downside, presenting an excellent opportunity for sell trades.
🎯 Technical Target Levels:
0.8760, 0.8710, 0.8660, 0.8530, and 0.8410.
📌 Key Highlights:
- Reversal pattern (Head and Shoulders) confirmed.
- Neckline and 200 EMA breakdown in progress.
-Strong bearish signals point to further downside.
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