USDCHF Forecast

The USDCHF attempted to push higher yesterday, topped at 1.0465 but further bullish correction was rejected as the pair closed lower at 1.0356. Is this mean the bullish correction is end and we ready to continue the bearish? Not necessarily. Take a look at my daily chart below, we have an inverted hammer which is also known as bullish reversal candlestick pattern. So, I prefer to stay away for now. I know many of us see the current bearish momentum as good opportunity to place short trades. Well, it is. But we also can’t ignore a bullish correction warning. Just be patient, there are still a bunch of good trades opportunity.