USDCHF: Bearish Pattern Identified 🇺🇸🇨🇭

٦ أغسطس ٢٠٢٤

https://www.tradingview.com/x/yHmGqZ1Y/

Looks like all the setups that I spotted today are bearish.
One more is on USDCHF.

I see a head & shoulders pattern on an hourly time frame
that was formed after a strong intraday resistance.

Bearish breakout of its neckline is an important sign of strength of the sellers.

I think that the pair can drop to 0.8503 level.

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