USDCHF Interlocking pattern signals Dollar strength vs. Franc

9 בנוב׳ 2018

From failed moves come fast moves. USDCHF put in a H&S top (bearish reversal pattern) on the weekly chart. That breakdown failed, and has taken the form of an interlocking H&S. From Failed moves come fast moves, so I expect the velocity of this move to be higher than that of a breakout that didn't stem from a significant in duration failure pattern. USDCHF