Retained

Retained Updated 

Hi Traders, We are looking for a selling opportunity for this Pair for some reasons: 1. Rising Wedge - based on the previous move of CADCHF last Oct.- Nov. 2022 2. The edge of the Schiff Pitchfork is currently being tested- if the price is rejected by this, this will be a huge downside for this pair 3. Currently with the strong Fibonacci Resistance Level 4. It...

Retained

USDCHF is showing a weak momentum in RSI and may form a double top if it doesn't close above the previous high hence, a possible short setup since it already touched the upper band of the pitchfork you may see a partial rejection on the previous high and a rejection on this lower high. Good luck!