USD/CHF: the franc dreams about the “wedge”

USD/CHF: the franc dreams about the “wedge”


SELL 0.9855

SL 0.991

TP1 0.9755 TP2 0.9725 TP3 0.9625

On the daily chart of USD/CHF, bulls failed to pull the pair out of the upper boundary of the 0.9855-0.9995 consolidation.  It signals the weakness of bulls. The “Shakeout-Fakeout” pattern was formed.  If it is implemented, bears will take an initiative.


On H1, there are odds of the implementation of the “Broadening wedge” pattern. To implement the pattern, bears need to break the support at 0.9855. As a result, risks of the downward movement to the 161.8% target of the “Crab” pattern will increase.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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