price is approaching Daily resistance level, and we are expecting a bounce in the zone
Looking at a long poition on this pair, we have cleared internal liquidity which we are now expecting a run to the upside.
A SELL on USDCHF, this is more like a retracement from the overall trend following the ranging pattern on daily timeframe. We are looking for liquidity to be cleared out before we look into the upside.
From Top Down Analysis Daily TF retracement happening. we are waiting for a sell side on 30minns once all liquidity is cleared out.
The overall trend is bearish using Technical Analysis we are expecting a pull back into 38.2 fib level.