USD/CHF - sell on 1H near strong resistance
Market is still in bearish down trend structure and broke back in up trend channel after small fakeout above last evening. For a real bullish trend reversal the market need an second confirmation.
-MACD and RSI indicating both an incoming correction movement
-Price is currently at bollinger bands middle line which is last support before take profit 1
-take profit is near important Fibonacci retracement lines
-MACD and RSI indicating both an incoming correction movement
-Price is currently at bollinger bands middle line which is last support before take profit 1
-take profit is near important Fibonacci retracement lines
Trade closed: stop reached:
trailing stop reached after trend reversal 3 July
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
