USDCHF- PREFER SHORT
The USDCHF counter’s price broke the support line of the ascending triangle. The bullish trend has come to an end. Short is suitable for this counter because of the current market conditions. The bearish trend may prolong for a couple of days and the price is expected to fall till S1.
If the price retrace back to the support trend line then square off your short positions in this counter and exit trading in this counter.
If the price retrace back to the support trend line then square off your short positions in this counter and exit trading in this counter.
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.