Here's the USD/CHF 15m Chart, and we can see here the possibility of the Head and Shoulders. The last shoulder in the making process. The trend has to cross the following levels (0.8886 - 0.8896 - 0.8900)to make the shoulder, and it will go up to around 0.8906. After that, it will start to fall and touch the neckline (0.8871), and then after crossing the neckline, there can be a short reversal, but it will fall to the following target 0.8866 - 0.8859.
But what if it starts to march upwards?
If the trend continues to move upside, that means the failure of the head and shoulders pattern. And the targets for the uptrend will be 0.8910 - 0.8913 - 0.8920.
Fibonacci Retracement:
Swing high: 0.9174
Swing low: 0.8822
But what if it starts to march upwards?
If the trend continues to move upside, that means the failure of the head and shoulders pattern. And the targets for the uptrend will be 0.8910 - 0.8913 - 0.8920.
Fibonacci Retracement:
Swing high: 0.9174
Swing low: 0.8822