USDCHF Top of Structure, 2 Possible Sell Development
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Hi traders:
Here on USDCHF price is right back to the the previous highs of the price action.
We can see overall price is still in the larger, higher time frame consolidation after the previous bearish impulse phase.
A potential double tops, lower time frame ascending correction moving to the upside, signs of bearish reversal.
What we can expect is price can push down and form LTF continuation correction and look for sell down to previous lows.
Alternative if price move up to the top of structure, still look for possible reversal price action to form and look for sell from the top.
Thank you
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