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ForecastCity_ME
Jul 9, 2021 12:10 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 the suggested resistance line (0.9173).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. USDCHF is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 40.

Take Profits:
TP1= @ 0.9143
TP2= @ 0.9115
TP3= @ 0.9080
TP4= @ 0.9061
TP5= @ 0.9048

SL: Break Above R2

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Comments
Megan_forex
Thank you so much.
ForecastCity_ME
@Megan_forex, You're most welcome!
carefulOwl22772
Clear and precise !!!!
ForecastCity_ME
@carefulOwl22772, Thank you for your comment. We appreciate it.
Sophi2018
This is great. Very helpful. Thanks.
ForecastCity_ME
@Sophi2018, You're very welcome! Glad you found it helpful.
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