USDCHF: Overbought Market & Pullback ๐บ๐ธ๐จ๐ญ
https://www.tradingview.com/x/t1qxwqdG/
After an impulsive bullish movement,
USDCHF stopped, approaching a key daily horizontal resistance.
The price formed a double top formation on that on a 4H time frame
and violated its neckline during the NY session yesterday.
Looks like the pair became too overbought.
I expect a retracement to 0.8823
โค๏ธPlease, support my work with like, thank you!โค๏ธ
After an impulsive bullish movement,
USDCHF stopped, approaching a key daily horizontal resistance.
The price formed a double top formation on that on a 4H time frame
and violated its neckline during the NY session yesterday.
Looks like the pair became too overbought.
I expect a retracement to 0.8823
โค๏ธPlease, support my work with like, thank you!โค๏ธ
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