In my previous post on USDCHF
i described the potential sell of which finally happened (see link below). Price dropped till the median line
of a descending pitchfork
, and looks like it was rejected for good. Although it's a counter trend, watching for a buy setup at the current level to complete is not a bad idea. Price should correct and this level may be the starting point. Our main view is bearish
, with price reaching the 0.618 fib level of the bearish
impulsive where most likely will retest the upper parallel of the median line
Like and follow for updates and detailed setups..!