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joe-abdallah

USDCHF to sell soon?

Short
U.S. Dollar / Swiss Franc (FX:USDCHF)  
joe-abdallah  
FX:USDCHF   U.S. Dollar / Swiss Franc
Chart Patterns Technical Indicators Wave Analysis abcpattern USDCHF Double Top rsi_divergence
6
2
chartpattern indicator waveanalysis abcpattern usdchf doubletop rsi_divergence
Using the three drives pattern, we can consider that the leg C has been reached (0.618 fib ratio of the entire pattern). This means that buyers are exhausted, reaching a great resistance zone for confluence on the D1.
Here we observe RSI bearish divergences on H4 and H1, with a double top pattern.
Wait for a big candle close below the neckline for more confirmation.

Good luck everyone,
Joe.
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