Gideonscale

Bearish CRAB Pattern/ Wedge Breakout

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
The formation of the bearish crab pattern and the divergence on the RSI are good reason for us to take a short opportunity on the USDCHF . The CD leg of the crab pattern is producing a rising wedge pattern, a breakout of the wedge is a good signal to go short. Now the Wedge brekout is a confirmation to go sort at any entry opportunity you can find and take first profit at the next support.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.