After a strong bullish run through to 0.99800, USDCHF is now testing a key resistance level formed over the past week. Price action shows that the resistance is being rejected and thus I have the bias that there may be some downside momentum due to arrive in USDCHF towards 0.98940.
I will be looking to short this pair if price forms a shooting star that is broken to the downside.
I will be looking to short this pair if price forms a shooting star that is broken to the downside.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.