Veejahbee
Short

USDCHF is Approaching a Level That Should Scare the Bulls

FX:USDCHF   U.S. Dollar / Swiss Franc
The rally from wave c of Y low on 16th Jan 2020 has been unfolding as a double zigzag corrective wave. Corrective structure moves in the opposite direction of the major trend, that's once the wave y of X is completed, the bearish trend should resume.

I'm anticipating the correction to complete at the daily resistance zone that lined up with the moving average.

Watch out for bearish price action signals from that zone to confirm the completion of correction.

What's your thought on USDCHF?

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