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Hirschle97
May 16, 2017 9:29 PM

USD/CHF *DOWN* 

U.S. Dollar/Swiss FrancFXCM

Description

I can personally see this pair having a massive drop. We see it finally breaking through the trend line which has been tested on multiple occasions over the last couple of months. Also i can see a head and shoulders pattern form on the daily chart which has now broken the neckline. Price action has been very bullish and i can see this retracing to the trend line and collapsing. My take profit for this pair will be around the 0.95000 area as this is the level for the 200 MA on a weekly chart. Let me know your thoughts!
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