USD/CHF: Remember what I said this morning about the topping formation!

Have a look at the chart in the members section which shows a potential topping formation. The pair was trading at .9765 at the time and I certainly didn’t expect such a massive shake-out down to the neckline at .9600.

Bulls like myself should watch this formation closely and consider exiting and reassessing if indeed it breaks below .9600 and holds any subsequent tests.