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ForecastCity
Jul 9, 2021 11:59 AM

πŸ’‘Don't miss the great sell opportunity in USDCHFΒ Short

U.S. Dollar/Swiss FrancFXCM

Description

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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 42.

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
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I agree with you.
ForecastCity
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@Megan_forex, Best of luck to you in your trades.πŸ“ˆ
carefulOwl22772
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Very helpful. Thanks.
ForecastCity
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@carefulOwl22772, You're very welcome! Glad you found it helpful.
Sophi2018
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Good forecast, hope to see more.
ForecastCity
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@Sophi2018, Thank you. We appreciate your support.
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