USDCHF Testing a trend line, forming a bat pattern, bullish?

2019-12-28 20:04:31

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Analysis:
USDCHF has been falling hard and is still downtrending. However a long term weekly trend line had just been crossed. Last week the market closed below it and it is possible that it may try to rest it.
However we also a bat pattern completing in the blue zone.
So possibility is:
1. Another bearish day on Monday to go to that blue zone
2. Come back up to restest the trend line and get Bat Pattern target at 38.2 Fib Retracement.

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