Here is the USDCHF. From technical point of view, it is forming a almost perfect harmonic pattern. Every point hits the target. Well, this doesn’t mean the pattern will work out. However, pattern recognition trading is about providing you a road map, or a window for you (well, at least, for me) to enter the market.
Have a closer look at USDCHF, we are approaching reversal zone, and I see confluence of resistance and Fib levels. Bearish harmonic formation might be signaling the continuation of down trend. Well, let’s see.
Here is the chart to …CONFUSE you.
![USDCHF_28Nov2010_BearishG](https://tradergav.com/wp-content/Photos/2010/11/USDCHF_28Nov2010_BearishG-1024x556.png)
Hey Gav, So you are looking for the Dollar to potentially weaken?