USD/CHF: franc is falling down
Read the article on FBS website
Recommendation:
SELL 0.9600
SL 0.9655
TP1 0.9500
TP2 0.9390
On the daily chart, bears are trying to resume the downtrend. If they manage to get below June low, the possibility of the decline to 127.2% and 224% targets of “Crab” and AB=CD patterns will significantly increase.
On H1, USD/CHF formed “Three Indians” pattern. Bears are currently trying to pull the pair outside of 0.9600-0.9690 consolidation range within “Spike and ledge” pattern. Success in this will slow seller to continue the decline.
