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moneniko

EURCHF short at resistance forming on double top on the hourly

Short
Euro / Swiss Franc (FX:EURCHF)  
moneniko Updated   
FX:EURCHF   Euro / Swiss Franc
technical_analysis overbought overbought-condition hourly
4
0
technical_analysis overbought overbought-condition hourly
The pair seems right for a short after a three-day rally. The RSI indicates that it is approaching the overbought conditions. Any break above the resistance level on the hourly should favor a long position but this seems highly unlikely as momentum is lost.
Trade closed: target reached:
First target reached.
Trade closed: target reached:
Second target was reached. Time to look for new opportunities.
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