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Feb 8, 2016 9:45 AM

Double Top on USD/CHF Short

U.S. Dollar/Swiss FrancFXCM

Description

What we could see on the USDCHF is a double top. So I expect now a price fall till the neckline, and if it breaks at least until the trendline and somewhere in between the blue circle.

I will enter the trade if the prices fall to 0.9864 a bit lower then it closed on Friday the 05.02.2016.

My target is around 0.94712. If it need to be adjusted in a few days I will update on that one, maybe up to the support at the trendline.
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