Hello Traders
Looks like there is no way for the USD to climb over the 1.002 in USD/CHF.
So here is why we are bearish on USD/CHF:
1- RSI and Stochastic are declining (1hr TF) and also showing RD-.
2- Rising wedge pattern has been broken.
3- Possible Double Top formation.
4- Micro momentum is bearish.
Targets have been shown in the chart.
If you like it then Support us by Like, Following and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Looks like there is no way for the USD to climb over the 1.002 in USD/CHF.
So here is why we are bearish on USD/CHF:
1- RSI and Stochastic are declining (1hr TF) and also showing RD-.
2- Rising wedge pattern has been broken.
3- Possible Double Top formation.
4- Micro momentum is bearish.
Targets have been shown in the chart.
If you like it then Support us by Like, Following and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)