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USDCHF: Consolidation Short Trade

Short
U.S. Dollar / Swiss Franc (FX:USDCHF)  
VasilyTrader  
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Chart Patterns Wave Analysis Forex Technical Analysis dollar chf swissfranc DJ FXCM Index USD USDCHF
4
1
trendanalysis chartpattern waveanalysis forex technicalanalysis dollar chf swissfranc usdollar usd usdchf
snapshot

USDCHF is trading within a horizontal decision range on 4H.

On Friday its resistance was reached and on that the price has formed multiple dodji and rejection candles.

As a confirmation, on hourly the price has formed a descending triangle formation and has just broken below its support.

Now I expect a bearish continuation.

Goals - 0.8892 / 0.8875

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