USDCHF: Can continue lower after H&S Structure

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Price was pushing upward, but momentum was already weakening. And now the structure became more clear: left shoulder, followed by the Head and a right shoulder.
Three attempts to push higher and each one weaker.
Price finally broke below the neckline and the entire Head and Shoulders structure is now active.

Once a neckline breaks, the probability strongly favors a continuation to the downside especially when the right shoulder is already showing lower highs. This is where the bearish scenario becomes obvious.

כתב ויתור

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