USDCHF is Bearish
Price was in a strong uptrend, however the bulls seem to be exhausted now as a double top formation with bearish divergence is formed. This means that bears are waking up and trying to assume control of price action. If previous higher low is broken successfully then we can expect a bearish reversal as per Dow theory. Targets are mentioned on the chart.
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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.