USD/CHF: a harmonic pattern

USD/CHF: a harmonic pattern

Trade ideas

SELL 0.9960; TP 0.8820; SL 0.9990 

BUY 0.9900; TP 0.9945; SL 0.9885

It looks like a bearish “Bat” pattern is forming on the chart of USD/CHF. It means that the pair may probably be able to rise higher, to 78.6%/88.6% Fibo retracements of XA, but a decline will likely start from there. That scenario agrees with the fact that the resistance line from the 2019 highs is located in that area.

USDCHF 02.png


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