USDCHF Sell Setup, Watch for bearish price action

Short

U.S. Dollar / Swiss Franc (OANDA:USDCHF)

Updated

OANDA:USDCHF U.S. Dollar / Swiss Franc

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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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