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2023.12.22 : (weekend),USDCHF, Pinbar
green pinbar candle – clear trend rejection at a significant level and chart low - possible trend rejection trade upward
However : this Pinbar rejection is rare for trend changes for USDCHF – one other seen – 2018/09/11 so: Prepare for a likely messy consolidation 13th to 27th july 2023.
however there is a clear rejection to move and stay below 0.85574 almost exactly the 161.8% fib of the prior swing low swing high indicating a move up – end of trend.
Holidays will reduce the volume of trades so watch for a break close and retest upward of this