After serving as a curvilinear support for a month, USDCHF finally broke below the 50sma line last October 11. The shorter sma (20) also crossed below the Long term (50) indicating price weakness. 50SMA is now acting as resistance, and a potential Head and Shoulder reversal is being formed.
Enter short on potential top of right shoulder or on the break below the neck line.
Enter short on potential top of right shoulder or on the break below the neck line.