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TipTVFinance
May 25, 2016 9:14 AM

USD/CHF monthly chart - Bearish Gartley pattern 

U.S. DOLLAR / SWISS FRANCICE

Description

Here we have a bearish Gartley pattern on the USD/CHF monthly chart.

As per Gartley rules, point B should retrace 0.618 from the XA move. Over here B is sitting around 0.622%. Though a slight violation, I would give it a pass given the exact 0.618 move is rare.

The D wave is likely to go up to 1.0736, where sellers are likely to come-in.
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