USDCHF false break out and bear flag
Looks like USDCHF made a a false breakout 2 weeks ago. Broke up on the upside of that bullish wedge and broke down again. Past half year i assumed this was a big bearish wedge, while knowing there was a chance it might be an ascending triangle. Because of that big rally a month ago, it looked like the triangle won. Now it seems that one failed as well, which usually suggest a counter move.
Now to give it a bit more wiggle room, think we can say that if the green support around 1.0050 breaks, the pull back has probably failed. But then we want to see a fast drop from that bear flag. Think for a normal flag, should see it drop within 48 hours or so.
Previous analysis:
Now to give it a bit more wiggle room, think we can say that if the green support around 1.0050 breaks, the pull back has probably failed. But then we want to see a fast drop from that bear flag. Think for a normal flag, should see it drop within 48 hours or so.
Previous analysis:
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