USDCHF is retesting a broken horizontal daily structure support.
The price formed a double top pattern, testing that on an hourly time frame.
To short the market with a confirmation, wait for a bearish breakout of a neckline of the pattern.
The price should close below 0.89285 to confirm the violation.
A bearish continuation will be expected then.
Goal will be 0.8908
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.