By Admiral Markets
The USD/CHF had made the double top pattern after rejecting resistance where we see historical vs now moment sellers (blue rectangles). Currently we see a downward movment on the pair towards 0.9718 as the first target. If we see breakout or 4h candle close below 0.9718 next target is 0.9670 zone followed by 0.9640. Pullbacks towards POC 0.9795-0.9820 (H3, now moment sellers, double top, 78.6) could be used for short setups as long as H4 – 0.9870 holds.
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Article by Admiral Markets
Source: USD/CHF Double top rejection in progress
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