USDCHF: Continue Selling on Rallies
Updated
USDCHF Timeframe: H4
Direction: Short
Confluences for Trade:
- Weakening momentum in rally
- Price rejected 50 EMA
- Price action at 38% Fibo Retracement
- Price action at Resistance Trendline
- Price action at Horizontal Resistance Trendline
- Stochastic Overbought momentum (H4)
Suggested Trade:
Entry @ Area of Interest 0.9950 - 1.0000
SL: 1.0049
TP: 0.9842
RR: Approx. 2.00 (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.
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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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