USDCHF Bearish Flag
Updated
Hello Traders.
The US Dollar still locked in side way movement after the speech of Federal Reserve Chair Jerome Powell yesterday.
Today If we are going to see dovish tone during the FOMC, the green back is going to fall very hard.
We already have a bearish impulse from the top and currently the price action is going through a trend continution pattern known as flag wich give us strong probability to expect more down side.
Respect your money and never expose more than 2% from your capitle to the market,
This is not an investment advice, it's for educational purpos only.
Best Regards
The US Dollar still locked in side way movement after the speech of Federal Reserve Chair Jerome Powell yesterday.
Today If we are going to see dovish tone during the FOMC, the green back is going to fall very hard.
We already have a bearish impulse from the top and currently the price action is going through a trend continution pattern known as flag wich give us strong probability to expect more down side.
Respect your money and never expose more than 2% from your capitle to the market,
This is not an investment advice, it's for educational purpos only.
Best Regards
Note
Volatility is expected during the weekend on all $ paires, Use your stop loss or move your trade on break even.
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This still at 0.997, but it will come down.UDSIndex is falling and S&P is rising sharply,
USDCHF will fall aggressively soon.
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We did not had a strong break down on this paire, like USDCAD.but the biger picture did not changed, even if we will see the dollar is pushing for more upside, we will hold our bearish view on this paire.
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Or this can happen,Impulse and flag pattern can push price back to the top of the channel.
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