USDCHF is in a overall Corrective Structure from the HTF perspective.
Price is now at a top of the outer structure and a possible double top formation
Looking deeper, prices approach the outer structure via a Ascending Channel on the 4H (sign of Reversal)
and now we can see a good flag consolidation which means most likely we can expect price to continue towards the downside. How far off? I don't know. looking left we can also see a failed flag continuation just about a week ago. So nothing is certain, expect the market to do ANYTHING.
Cheers
Price is now at a top of the outer structure and a possible double top formation
Looking deeper, prices approach the outer structure via a Ascending Channel on the 4H (sign of Reversal)
and now we can see a good flag consolidation which means most likely we can expect price to continue towards the downside. How far off? I don't know. looking left we can also see a failed flag continuation just about a week ago. So nothing is certain, expect the market to do ANYTHING.
Cheers
Comment:
spike me in and spike me out. :(