USDCHF Head-and-Shoulder in Making

USDCHF Daily

I am watching this setup from past week. Previous post [here]. 

Setup is making out very well. Left shoulder and head are complete and right shoulder is in making. 

Price is going up towards upper horizontal resistance area and I expect that area to hold. Currently price is at 200EMA and backing off. Break above brings focus to upper resistance area.


I plan to short right on touch of upper resistance area or near to 200EMA for a possible move down towards lower resistance area with a stop at head.