USDCHF: Pending Bullish AB=CD Pattern At Key Level

USDCHF has been dropping since last week and has now reached a level where there is a great chance that this sell off might end. Some pips more and price will reach the median line of a valid slope pitchfork, where we will have the completion of a bullish ab=cd pattern and a double bottom.

Depending on your strategy you should watch for a buy setup at this level or you may just trade the completion of the abcd pattern.

Kommentera:

For those who are long at this setup, i suggest you take your profits (or at least move stoploss to BE) as price has reached to a previous structure level. I personally didn't get in because no setup was completed based on my strategy. For those who joined this one, well done :)