The USD / CHF pair is trading within an ascending price channel, we expect the pair to reach the upper limit of this channel near the levels of 0.9230/40.

And so to get to these levels we have 2 scenarios:-

The first is a direct breakout to the top of 0.9100 and then a direct ascent of the targets towards the upper limit of the channel, which is the closest scenario to reality.

The second is to retreat first near the upper limit of the channel, especially after the neckline of the head and shoulders pattern breaks on the four-hour frame, and it will be by breaking the levels of 0.8990 down, from which the pair will be in a way to complete the pattern and return to focus on the channel, from which we will have strong buying opportunities for the pair, which is our favorite scenario for us.