Usd/Chf was trading higher for the past few weeks, which is nice as we called end of a corrective pull-back at 0.8560. Well, from there price was moving higher quite slowly, with over-lapping price action and trapped within two parallel trend-lines. We know that this is personality of a corrective price action, so we believe that move into a new high over the past two months was wave (B), part of incomplete wave II flat.

Notice that price recent reversed below the channel support line, which is now trying to react as a resistance. This is a very nice, typical indication for a start of a temporary bearish moves!