USD/CHF - Bearish 5-0

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Hello traders, following up from my previous post on USD/CHF with a descending channel (chart is shown below), price has now formed a perfect bearish 5-0 pattern on the 4h chart.

The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50

I consider this pattern to be perfect as both B and C points come in a 1.618.

USD/CHF - Price Structure


Currently price is stalling at the top of the channel, I'm expecting a sell-off right down to support.

I hope you all have an excellent week.

Here's to your success!

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.