Casey_Yeo

USDCHF - Two bear bat patterns in progress

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FX:USDCHF   Dólar Americano/Franco Suíço
Market has been rallying up nicely and approaching key resistance zone. Two potential bear patterns are forming in daily chart. The smaller bat pattern has potential D completion point right below the resistance zone which also allow for stop loss to be placed right above the resistance zone. The potential D completion point also ends at psychological round number - 0.9100. RSI is currently in overbought condition. Will wait for confirmation from price action before shorting.

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