USD/CHF: a pin bar scared sellers

USD/CHF: a pin bar scared sellers

2019-11-11 • Updated


SELL 0.9685

SL 0.9740

TP1 0.9585 TP2 0.9525 TP3 0.9380

On the daily chart, USD/CHF broke below the lower border of the uptrend channel and the triangle with the following triggering of the “Bat”. This launched the attack of bears. Bulls managed to stop it thanks to a pin bar and the upper trade channel. The decline will continue only if USD/CHF gets below September low.

USDCHF Daily.png  

On H1, only if USD/CHF returns to the middle of the previous consolidation range, bulls will be able to break the downtrend. In this case, they will trigger “Shakeout-Fakeout” pattern.

USDCHF h1.png


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