USDCHF Sell Setup, Watch for bearish price action

OANDA:USDCHF   U.S. Dollar / Swiss Franc

Hello everyone:

Also eyeing USDCHF for bearish downside price action.

We can see price formed into an ascending channel , correcting the price up.

At the top, a Head and Shoulder pattern has formed, and reversed the price down, good indication of a bearish reversal price action.

Latest development shows price broke out of the ascending channel , and formed a bearish continuation correction.

Expecting further downside from the price, watch for correction complete and look for sell down to previous lows as a potential targets.

Thank you

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