Cabana Capitals Blog Technical Analysis Should we expect a bearish trend on USDCHF?

Should we expect a bearish trend on USDCHF?

Should we expect a bearish trend on USDCHF? post thumbnail image

The last 7 1 hour candles on USDCHF formed a Double Top pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 0.9111.

Supported by Downward sloping Moving Average

Target: 0.9111 Entry: 0.9126 Stop: 0.9159

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