#USDCHF 1D Technical Analysis and Expected move
Price has going up on both the dollar strength
And the weakness of the Swiss Franc itself
However, the price is approaching a long term falling resistance
And as the pair looks overbought mid-term
The resistance might be where many take profit on longs
And some shorts are possible too
Triggering a local selloff
So wait for the reversal price action candlestick and then act accordingly
Sell.
Best of Luck
And the weakness of the Swiss Franc itself
However, the price is approaching a long term falling resistance
And as the pair looks overbought mid-term
The resistance might be where many take profit on longs
And some shorts are possible too
Triggering a local selloff
So wait for the reversal price action candlestick and then act accordingly
Sell.
Best of Luck
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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.