HS pattern spotted. Target 1.02 and below to parity
Updated
Hi Folks:
This pair is just in accumulation phase now. Possible HS pattern in play with bearish outcome.
I was expecting a strong bounce at 1.03 and it happened but it quickly reversed. This weekly candle's so far having a rejection from the top so bears remain in control yet.
Remember that CHF is considered a safe haven (Russia - Ukraine tensions).
STAY SAFE. Cheers
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This pair is just in accumulation phase now. Possible HS pattern in play with bearish outcome.
I was expecting a strong bounce at 1.03 and it happened but it quickly reversed. This weekly candle's so far having a rejection from the top so bears remain in control yet.
Remember that CHF is considered a safe haven (Russia - Ukraine tensions).
STAY SAFE. Cheers
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
Order cancelled
Idea cancelles as ECB may be soon hiking interest rates and new scenario needs to be reconsidered. CHF continues to remain SAFE HAVEN.Disclaimer
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