U.S. Dollar / Swiss Franc

Short

USDCHF speculation - 26/5/2018

By SeanHutcheson

Updated

Top down analysis of USDCHF - please comment any feedback or ideas!

Note

Looks like the potential sell zone will be reached soon, await a strong rebound off of resistance to enter short.

Note

Inside the potential entry zone, could enter short now or wait for it to hit and bounce off of resistance.

Note

Entered as soon as it crossed resistance again - 59 pips profit

Note

^calculation error - 45 pips in profit.

Note

Bounced off of support, back to 16 pips in profit - may be a bouncy one this - watch that resistance isn't broken.

Note

88 pips profit!

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.