Tradingwithtamil

USDCHF: Reversing Impulse Yet to change the Trend-Bearish.

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
Hello Traders,

In spite of yesterday drop, candles setting-up the path for drop-down Impulse. In an hourly time-frame, impulse correction gathers potential to strive in the bear arena by forming sideway marks. Reversing impulse may target 0.98782 to take a stop-technically. Alternatively, if the reversing limit extends-small traders risk till 0.99642. Longtime Investors wait till next resistance break-out.

Signal Specification

Entry: 0.99288

Take Profit: 0.98782

Stop Loss: 0.99642

R/R: 1.43

Trade closed: stop reached: Longtime Investors still have an opportunity to crack bear Zone. Wait...