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Aug 25, 2019 1:31 PM

Don't miss the great sell opportunity in USDCHF Short

U.S. Dollar/Swiss FrancFXCM

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.9816). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. USDCHF is in a range bound and the beginning of downtrend is expected.
. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
. The RSI is at 34.

Take Profits:
TP1= @ 0.9693
TP2= @ 0.9660
TP3= @ 0.9543

SL: Break Above R2
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