Bearish ABCD pattern appeared on USDCHF 60 min. chart.
Short @ 0.9582
Target - 0.94559
Stop - 0.96427
I guess the trade will take a few days to work out.
USDCHF 240 min. chart offers a good opportunity to go short right here in the downward channel. I have two target levels equal to FIBO retracement levels. Good luck !
While we are waiting for the original Bullish cypher to complete after the double bottom, this pattern turned up, so if price retraces during the trend continuation we got a chance to ride it down a little but. Its counter trend so we only have 1 target! RSI is floating in the middle just as the price is in the middle of the two patterns, so lets see whats going...
