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)
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