USDCHF facing strong resistance , good for bears ?
USDCHF price had a bearish rally with a high momentum it reached a support level and a supporting trend line , broke it in the first try and that support zone became a strong resistance zone after getting broken
price now retesting this zone
and there are some wick rejections on the resistance zone
I except resumption of the bearish move with a good momentum
THIS IS JUST AN ANALYSIS...
price now retesting this zone
and there are some wick rejections on the resistance zone
I except resumption of the bearish move with a good momentum
THIS IS JUST AN ANALYSIS...
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.