USDCHF Potential Bearish Swing
USDCHF is in a overall Corrective Structure from the HTF perspective.
Price is now at a top of the outer structure and a possible double top formation
Looking deeper, prices approach the outer structure via a Ascending Channel on the 4H (sign of Reversal)
and now we can see a good flag consolidation which means most likely we can expect price to continue towards the downside. How far off? I don't know. looking left we can also see a failed flag continuation just about a week ago. So nothing is certain, expect the market to do ANYTHING.
Cheers
Price is now at a top of the outer structure and a possible double top formation
Looking deeper, prices approach the outer structure via a Ascending Channel on the 4H (sign of Reversal)
and now we can see a good flag consolidation which means most likely we can expect price to continue towards the downside. How far off? I don't know. looking left we can also see a failed flag continuation just about a week ago. So nothing is certain, expect the market to do ANYTHING.
Cheers
Note
spike me in and spike me out. :(
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.