USDCHF - Rejection Zones - Update!

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

USDCHF is overall bearish trading inside the our brown trendlines.

As per my last analysis (highlighted on the chart), we were looking for buy setups around the lower purple rejection support.

Now What?

Now, USDCHF is approaching the upper purple zone.

This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper brown trendline. (acting as non-horizontal resistance)

Thus, we will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich