USDCHF watch for downside
Updated
Hi traders,
The pair USDCHF will have downside. The pair looks weak as price action hit the sideway resistance, and has followed through and broken below the sideway support level. I am expecting a down move here, in the form of a corrective or impulse leg.
Best regards,
Tom_Killick
The pair USDCHF will have downside. The pair looks weak as price action hit the sideway resistance, and has followed through and broken below the sideway support level. I am expecting a down move here, in the form of a corrective or impulse leg.
Best regards,
Tom_Killick
Comment
After a down move, there is now some buying pressure in the market. Good idea to consider profit taking if you took the short with me. If you took the short, well done. You made upwards of 100 pips by following my analysis.Related publications
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