USDCHF-time to think short, short Short
U.S. Dollar/Swiss FrancFXCM
Description
⋅ According to a previous idea im long on this pair:
When everybody is looking at EURUSD i sometimes find better opportunities here (they are negative correlated)
After a huge decline i think this pair is building a consolidation triangle labeled abc-abc-abc-abc-abc
Right now the price is about to complete last C wave near the trendline resistance.
We have also a bearish bat at that area that could work fine.
On the left side side there is another confluence -----------> the 0.8860 fib retracement of last swing, a non perfect bat.
I am not drawing the bat because i like to keep chart as clean as possible, showing only relevant and prefered information.
This setup is negative correlated with my EURUSD long setup so I could be double right or double wrong.
Best regards.