Usdchfsell
USDCHF SHORT IDEAOverall this pair I believe still has further more downside potential. Now that we’ve rejected some key levels & broken trendline/structure, this makes my bias even stronger for sells on this pair.
After such a strong impulse move down. Let’s wait for price to retrace to the 50/61.8 fib level to get a retest of That broken trend-line before considering shorting this pair.
Or alternatively wait for price to break daily resistance level and grab a entry on the retest of that level for a bit safer entry.
USDCHF approaching support, potential for a bounce!
USDCHF is expected to drop to 1st support at 0.98500 where it could potentially react off and up to 1st resistance at 0.99264.
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USDCHF Market Outlook | Daily Forex Market BreakdownUSDCHF
rejecting psychological key level 1.000 UC is looking like a good short. I was Looking for price to push lower showing bears are in control. So now we wait for a pull back to around 1.00 and if we can reject off resistance there that will be a fantastic short trade for us. Keeping a close eye on this.
USDCHF SHORTIndicators list :
200 simple ma - red line,
100 simple ma - green line,
50 simple ma - blue line.
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