[Signal] USDCHF: Incoming Multi-Year Resistance; Drop Likely
USDCHFTimeframe: 1D
Direction: Short
Confluences for Trade:
- Bearish candle formations and waning strength in upwards move
- Stochastic Overbought momentum
- Price action at strong resistance multi-year Trendline (Since 2016)
Suggested Trade:
Entry @ Area of Interest 0.9980 - 1.0130
SL: 1.0213
TP1: 0.9885
TP: 0.9681
RR: Approx. 2.37 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
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