USDCHF going further down?
USD/CHF, the Head and Shoulders (H&S) pattern has successfully completed a bearish breakout of the neckline. This confirms a major trend reversal as the US Dollar faces significant domestic political strain from the ongoing DOJ investigation.
Entry Strategy: The breakout is already underway.
Market Entry: 0.7665 (current momentum).
Pullback Entry (Conservative): 0.7750 (retest of the mid-breakout candle).
Stop-Loss (SL): 0.7885. Place this just above the broken neckline (0.7865) to protect against a false breakout.
Take-Profit (TP): 0.7595. This is based on the "Measured Move" target, calculated by subtracting the pattern height (approx. 270 pips from head to neckline) from the breakout point.
Time Horizon: 3–8 trading days for a test of the 0.76 psychological level.