There’s a pattern in the making on EUR/CHF at the 1.2115 . This pattern also pierced through the upper end of the and snaps back quickly. The long term trend is still as all the short term moving averages are still below the 200 period long term moving average. The current is at 1.2080 and the resistance is at 1.2115. The ( ) also indicates that this market is overbought at the current price level which could lead the price lower in today’s New York session. If this candle closes as it is right now or slightly lower, we will officially have a pattern at this 1.2115 which could offer a high probability of shorting opportunities in today New York session.