USDCHF Forecast (1st Week of December)

In the current market structure we can clearly see a impulse move that break the Ascending Channel and created a possible continuation (Bear Flag)

Confluence:
1. Double Top
2. 3rd Touch of Ascending Channel
3. Impulsive move that break the ascending channel

Conclusion:
If the price create a bear flag then break we are looking for a 2 setups

Setup #1: We can enter a long if the pattern was formed

Setup #2: If it forms a bear flag we are looking for a sell because in the higher time frame (1D) there is a expanding channel form a impulsive move

Keep it simple & Happy Trading Guys!

Like if you agree & Follow me for more ideas! :)

*This Market Analysis is for educational purpose only. Trade at your own risk*

Commentaire:

Forecast Update

Commentaire: