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justanotherswingtrader
Mar 11, 2019 5:30 AM

USDCHF Potential Bearish Swing Short

U.S. Dollar/Swiss FrancFXCM

Description

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

Comment

spike me in and spike me out. :(
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