#USDCHF: Very Bearish Signal USDCHF is trading in a long- | VasilyTrader (Free Forex Signals)
#USDCHF: Very Bearish Signal
USDCHF is trading in a long-term bearish trend. Reaching 0.882level, the market started a correctional movement within a bearish flag pattern.
After the test of 0.914 resistance, the market stopped growing and started to consolidate. The price formed a high momentum bearish candle yesterday, violating the support of the flag.
It signifies that the pair returns to a global bearish trend. I will expect a bearish continuation to 0.895 / 0.89
For entries, consider an occasional retest of a broken trend line. - - - - - - - - - Learn How to Trade in My Trading Academy https://www.vasilytrader.com/privategroup