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.

Comments

well placed!
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