USDCHF: Short trade almost ready

25 ott 2019Price has formed a zigzag structure from the drop on October 15th, 2019. At current levels, price has retraced into the golden zone (50.00 - 61.80), an area whereby we may reasonably expect some reversal and trend continuation. However I'm quite skeptical about the current sell because price may just correct in a double structure before we see the imminent drop . That being said, we have a good setup coming up. Wait for clear confirmation before looking for any entries.