has reached a very important area in terms on structure, so now the question is, is it time to sell? Now we have 2 advanced pattern
, a cypher pattern
which is just a few pips away from being completed and a bat pattern
which will complete right above the descending trendline
resistance. Our RSI
is just below the overbought conditions so the best scenario is to wait until the cypher pattern
completes and then wait to see if our RSI
is overbought before taking a short position.
Watch my brand new video to see in depth analysis on this pair and also the trend continuation trade on the USDCHF
Want to learn how to trade the Bat Pattern?