PalmTreeTrading
Short

USD-CHF AB-CD pattern and a Possible Cypher

FX:USDCHF   U.S. Dollar / Swiss Franc
62 1 4
First we look at the AB-CD             pattern wich completes right around the structure indicated by the red line.
A little bit higher we find the 1.272 fib extension from the A to B leg. Note that we also have a bearish divergence on the RSI .

If price touches the 1.272 fib extension, look for the price to drop down to 78.6% retracement from the X to C leg to complete this Cypher pattern .

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