HS pattern spotted. Target 1.02 and below to parity

Hi Folks:

This pair is just in accumulation phase now. Possible HS pattern in play with bearish outcome.

I was expecting a strong bounce at 1.03 and it happened but it quickly reversed. This weekly candle's so far having a rejection from the top so bears remain in control yet.

Remember that CHF is considered a safe haven (Russia - Ukraine tensions).

STAY SAFE. Cheers


-------------------------------------------------

Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.

Ordre annulé:

Idea cancelles as ECB may be soon hiking interest rates and new scenario needs to be reconsidered. CHF continues to remain SAFE HAVEN.