Cup & handle pattern to sink price further
Since I shorted the top at 0.9 (not published on TV), USDCHF has been on a steady decline. Now we can see a CnH pattern forming, and price is nowhere near the bottom of the megaphone pattern. If price breaks below, we can look to short towards the 0.87 level or the lower bound of the megaphone pattern.
Note
Price is now at target entry zoneTrade active
Bears stepping inOrder cancelled
Idea invalidated
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.