Euro / Swiss FrancShort
EUR/CHR Short
Bias
EUR/CHF is hitting a important resistance level. The volume does not seem large enough to be able to support such an important move. A retracement should be due for the pair to move back to 1.18 region.
Trigger
RSI overbought, hitting as high as 80 a couple of days ago
Execution
Sell order at 1.2 to short near top.
TP1 ard 1.18 , near a previous high and 61.8% Fibo level
Counter
Expecting the price to go down soon. Idea may be invalid if the pair continue to linger between 1.195 to 1.199
EUR/CHF is hitting a important resistance level. The volume does not seem large enough to be able to support such an important move. A retracement should be due for the pair to move back to 1.18 region.
Trigger
RSI overbought, hitting as high as 80 a couple of days ago
Execution
Sell order at 1.2 to short near top.
TP1 ard 1.18 , near a previous high and 61.8% Fibo level
Counter
Expecting the price to go down soon. Idea may be invalid if the pair continue to linger between 1.195 to 1.199
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