as you can see very promising pair on usdchf we can see price rejects the weekly resistance and forms a head and shoulder patter allong with a big bear candle breaking the support on 4h and trendline which tells me that the bears are in control and will see a big drop before wave number 3 is formed reasons for trade :
* rejection of weekly resistance/ 61.8 fib level
* broken levels of support and trend line changing my bias to short due to bullish depletion
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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.