CHFGBP, Completes Head-Shoulder-Formation, Targets Activated!

Hello,

Welcome to this analysis about CHFGBP, we are looking at the 4-hour timeframe perspectives. As I discovered recently CHFGBP has completed an important formation that is now building the origin for further volatilities to consider in the upcoming times. Therefore, as when looking at my chart we can watch there how CHFGBP completed this main head-and-shoulder-formation in orange with the bearish breakout below the neckline and moved on to test the 200-EMA in red together with the 100-EMA in grey which are close to a bearish crossover. Now within this structure below the neckline CHFGBP is forming this confirmational bear-flag-formation that can take the shape of a protracted bear-flag or also can form the direct breakout to the downside in either case it is building the high possibility setup for further continuations. Mainly the head-and-shoulder completion has activated the bearish target-zone within the 0.785 level marked in blue in my chart, once this zone has been reached the situation needs to be elevated anew and CHFGBP needs to show if it manages to reverse in this level or builds up a setup for further continuations to the downside.

In this manner, thank you for watching my analysis about CHFGBP and the main head-shoulder-formation with the upcoming determinations, support the analysis with a like and follow or comment for more market insight!
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Comment:

ANALYSIS UPDATE: CHFGBP formed the coherent head-shoulder breakout to accelerate the bearishness below the 100-EMA and 200-EMA.

CHFGBP since completing the whole head-shoulder formation continued with further bearish momentum to reach all of the bearish target zones.