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Nima Azadi
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Nima Azadi has been engaging in financial markets for over 10 years. His experiences vary from investing and trading in the Tehran Stock Exchange (TSE) and Foreign Exchange Markets to mentoring and consulting on the technical aspects of financial analysis. He is frequently quoted in the Iranian... More
My book:
Duel with the Trend
  • GBP/CHF Technical Outlook - 1 0 comments
    Sep 12, 2013 11:14 AM

    A powerful bearish AB=CD pattern has formed on the upper band of the channel and it is accompanied by a negative divergence in MACD.

    It seems that the price should fall to the lower band of the rising channel at 1.4385. The time target for the bearish move is September 24th.

    (click to enlarge)

    Themes: GBP/CHF
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