USDCHF Sell Setup, Watch for bearish price action

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Dolar A.S. / Franc Swiss (OANDA:USDCHF)

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OANDA:USDCHF Dolar A.S. / Franc Swiss

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Hello everyone:

Also eyeing USDCHF for bearish downside price action.

We can see price formed into an ascending channel, correcting the price up.

At the top, a Head and Shoulder pattern has formed, and reversed the price down, good indication of a bearish reversal price action.

Latest development shows price broke out of the ascending channel, and formed a bearish continuation correction.

Expecting further downside from the price, watch for correction complete and look for sell down to previous lows as a potential targets.

Thank you

Komen:

Komen:

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Idea Berkaitan

about USDCHF 37

about NZDUSD 28

about GBPUSD 28

about USDCAD 40

about EURUSD 49

about AUDUSD 30

about XAGUSD 42

about DXY 32

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