USDCHF started following a downtrend trendline which it had respected severally just before it broke the ascending channel.
The price is also currently at a resistance zone and hence high chances of a reversal.
If the price doesn't manage to break the trendline we can go short for the pair.
The price is also currently at a resistance zone and hence high chances of a reversal.
If the price doesn't manage to break the trendline we can go short for the pair.
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.
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.