USD/CHF: developing 'Flag' pattern

Read the article on FBS website

There's a 'Double Bottom', which has been confirmed, so the price is rising. However, it seems like we could have a bearish 'Flag' pattern under the Moving Averages. If so, bears are likely going to test the next support at 1.0031 - 1.0008 in the short term. The subsequent pullback from this level could lead to the beginning of an upward correction towards the nearest resistance at 1.0066 - 1.0091.

17-5-2019-CHF-H4.png

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.