USD/CHF downside continues and ready for the next leg down 0.824
Since July the market has been on a solid downtrend with an Inv Cup and Handle form.
It then broke below and reached our first target.
Now there is a touch of consolidation in another Inv C and H, which we ned the price to confirm the handle before turning down and heading to a target of 0.8240.
The price is below 20 and 200MA which makes the momentum downside and I would ONLY look for shorts.
It then broke below and reached our first target.
Now there is a touch of consolidation in another Inv C and H, which we ned the price to confirm the handle before turning down and heading to a target of 0.8240.
The price is below 20 and 200MA which makes the momentum downside and I would ONLY look for shorts.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.