CHFUSD Possible Short Opportunity

3 thg 12, 2021

CHFUSD is currently struggling to go beyond the marked area which aligns with a bearish fibonacci pullback pattern. However since the price has broker the level to the upside a couple of times it would be wise to wait for further price action in order to confirm if the move is valid. A short opportunity in this pair means that USDCHF will start pushing to the upside. A failure to break the previous low on this pair could indicate a market structure change.