USD/CHF Bearish SHS Pattern Shows Two POC Zones

2 min read
tarantula fx

tarantula fx

Head of Trading

Hi traders,

The USD/CHF has formed a bearish head and shoulders pattern (SHS) with clear POC zones. Any of the zones could reject the price.

POC zone 0.9900-15 and POC2 zone 0.9930-45 are zones for sellers. MTF analysis and H4 MACD coupled with pure price action tools such as patterns/trend lines suggest possible rejection. Adding to that is the confluence of Murrey Math and Camarilla. Target is 0.9850. If the price make a h4/daily close below 0.9850 next target is M L5 at 0.9765.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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