LewisGlasgow
Short

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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lovely analysis...thanks Lewis.
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LewisGlasgow Ayanda1992
@Ayanda1992, you're welcome :)
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Zockid LewisGlasgow
@LewisGlasgow, Always great following your analysis. Thanks Again Lewis :)
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@Zockid, you're more than welcome, thanks for the support!
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Being Short Here is a Terrible Idea USD / CHF wise that is
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@Robot1010, what makes you think that?
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This brings more confluence to my USD/CHF Idea, . A lot more confident now
+1 Reply
@ashddylan, it looks good to sell, all the best!
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Nice
+2 Reply
@DeanT, thanks mate!
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