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Usdchfshort

USDCHF Will this move happen?The situation in this currency pair look pretty clear. In monthly: The price is currently moving sideways within a range. The price is currently in supply area where we can expect a rejection to the downside. Weekly The price has made an explosive move to the upside creating a price imbalance. We could expect a correction to balance the price. Daily The situation in daily is the same as weekly. We could expect a correction to the downside to cover the imbalance. According to the technical analysis we could expect a move to the downside.
Short
by Wiiso
3
USDCHF | Approaching to Key LevelUSDCHF is trading in a range on daily time frame and approaching to it overhead resistance. This resistance is not broken from April of last year. Two senarios to look here. a) Bullish: The price action will take a stop a bit at resistance zone and then starts its upward journey again. The upside looks good if it manages to break the resistance. b) Bearish: The price action will take a hit and price reverses. One can do short from the top with stoploss on top of resistance. Trade your levels accordingly.
by JustTradeSignals
3