FX:USDCHF   U.S. Dollar / Swiss Franc
uschf long term sell towards support price 0.95689
Nice idea on USDCHF and there may be bearish potential as you have identified. I have identified a resistance level at 0.98087 slightly lower than yours. It is a horizontal overlap resistance with 100% Fibonacci extension and 50% Fibonacci retracement. Stochastic has reversed off its resistance at 98% where a corresponding drop could occur. If a drop does occur, I have found a support level at 0.9751, which is higher than your support. It is a horizontal swing low support with a 23.6% Fibonacci retracement. Looking forward to seeing how things develop.

Please have a look at my idea and share with me what you think.


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