Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
USDCHF Sell Setup, Watch for bearish price action
U.S. Dollar / Swiss Franc
Short
USDCHF Sell Setup, Watch for bearish price action
By jojofang0901
Follow
Follow
Updated
Oct 28, 2021
7
1
Cheer
Cheer
36
36
Oct 19, 2021
Hello everyone:
Also eyeing USDCHF for bearish downside price action.
We can see price formed into an ascending channel, correcting the price up.
At the top, a Head and Shoulder pattern has formed, and reversed the price down, good indication of a bearish reversal price action.
Latest development shows price broke out of the ascending channel, and formed a bearish continuation correction.
Expecting further downside from the price, watch for correction complete and look for sell down to previous lows as a potential targets.
Thank you
Oct 22, 2021
Comment
Oct 28, 2021
Comment
Chart Patterns
correction
Flag
impulse
Parallel Channel
pattern
priceaction
structure
Wedge
jojofang0901
Follow
Also on:
Related publications
DXY My View on the USD and moving forward
by jojofang0901
Published
SILVER Long Term Buy Potential
by jojofang0901
Published
AUDUSD Bullish Continuation Price Action
by jojofang0901
Published
EURUSD Impulse Up from Structure, Watch for Buys
by jojofang0901
Published
USDCAD Broke Previous Lows, Watch for Continuations
by jojofang0901
Published
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
.