USD/CHF - Bearish 5-0

OANDA:USDCHF   U.S. Dollar / Swiss Franc
Hello traders, following up from my previous post on USD/CHF with a descending channel (chart is shown below), price has now formed a perfect bearish 5-0 pattern on the 4h chart.

The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50

I consider this pattern to be perfect as both B and C points come in a 1.618.

Currently price is stalling at the top of the channel, I'm expecting a sell-off right down to support.

I hope you all have an excellent week.

Here's to your success!
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+2 Reply
@DeanT, thanks mate!
This brings more confluence to my USD/CHF Idea, . A lot more confident now
+1 Reply
LewisGlasgow ashddylan
@ashddylan, it looks good to sell, all the best!
lovely analysis...thanks Lewis.
LewisGlasgow Ayanda1992
@Ayanda1992, you're welcome :)
Zockid LewisGlasgow
@LewisGlasgow, Always great following your analysis. Thanks Again Lewis :)
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