Hello, traders!
Today, we are looking at TONS of confirmation with the USD/CHF on he 1D chart
After the completion of the Bullish ABCD pattern, it looks as though price will be reversing at the 0.618 level.
This is also confirmed by the Moving Average Indicator set to 50.
Price will continue to go down in the days to come as long as price doesn't break out of the descending channel .
Risk Ratio 1:2
The measurements for a valid ABCD pattern are detailed below.
AB: 0.618 - 0.786
CD: 1.272 - 1.618
Today, we are looking at TONS of confirmation with the USD/CHF on he 1D chart
After the completion of the Bullish ABCD pattern, it looks as though price will be reversing at the 0.618 level.
This is also confirmed by the Moving Average Indicator set to 50.
Price will continue to go down in the days to come as long as price doesn't break out of the descending channel .
Risk Ratio 1:2
The measurements for a valid ABCD pattern are detailed below.
AB: 0.618 - 0.786
CD: 1.272 - 1.618
