• Vasily Trader

USDCHF: How to Catch a Bearish Wave?

USDCHF formed a cute head and shoulders pattern on a daily time frame.

0.92 - 0.924 is its neckline.

To catch a bearish wave with a confirmation, wait for a bearish breakout of the underlined yellow zone (daily candle close below),

then the retest of an underlined blue supply cluster will be your sell zone.

With a stop loss above a right shoulder, we may catch a nice swing trade here.

Goals will be 0.911 / 0.904

In case if the price sets a new higher high higher close on a daily,

the setup will be invalid.