USDCHF H4 I Bearish reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.8693, which is a a swing high resistance close to 61.8% FIbo retracement.
Our take profit will be at 0.8573, an overlap support lines up with the 50% Fibo retracement.
The stop loss will be placed at 0.8797, a pullback resistance level close to 78.6% Fibo retracement
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Losses can exceed deposits.
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