USDCHF has been battling to break those highs on the higher time frames so this is an indication that the bulls may be losing control....
Note the following:
1. Trend line broken to the down side
2. Support re tested as resistance and the candle popped a wick to the up side (clue)
3. 50 ema broken...
I am shorting at market price @ 1.000281 with
TP provisionally at first support @ 0.99890 and
SL just above the resistance level @ 1.00580
Don't bet the farm and always exercise healthy risk management
Note the following:
1. Trend line broken to the down side
2. Support re tested as resistance and the candle popped a wick to the up side (clue)
3. 50 ema broken...
I am shorting at market price @ 1.000281 with
TP provisionally at first support @ 0.99890 and
SL just above the resistance level @ 1.00580
Don't bet the farm and always exercise healthy risk management
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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.
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.