USD/CHF: Pullback is more likely
Hello, everyone!
The pair is trading in sideways manner and now is near strong resistance lines forming a doji candle on H4 chart.
Additionally, the recent rise of a price was very sharp, so the RSI indicators is overbought and the correction is likely.
There is a high probability that price is going to fall due to these factors.
Entry price: 0.9315
SL: 0.9360
TP: 0.9245
The pair is trading in sideways manner and now is near strong resistance lines forming a doji candle on H4 chart.
Additionally, the recent rise of a price was very sharp, so the RSI indicators is overbought and the correction is likely.
There is a high probability that price is going to fall due to these factors.
Entry price: 0.9315
SL: 0.9360
TP: 0.9245
Trade closed manually
The target almost reached, so won't be gready and close it.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.