USDCHF (1D): Short Opportunity at Triple Top

USDCHF
Timeframe: 1D
Direction: Short

Confluences for Trade:
- Approaching Double Top Resistance to create Triple Top
- Stochastic Overbought momentum (Weekly and Daily Charts)

Look for ST trendline break in the internal triangle to get further confirmation as currently, the market situation is very volatile.

Suggested Trade:
Entry @ Area of Interest 0.9970 - 1.0050
SL: 1.0113
TP: 0.9740
RR: Approx. 2.30 (Depending on Entry Level)


May the pips move in our favor! Good luck! :D

*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.

Trade active

Comment:

Price continues to be strongly resisted from going up at 1.01 levels.

Still holding. Long term trade. :)

Trade closed: stop reached

Trade active:

We feel that this setup is still valid and have reentered with the same TP level, revising our SL levels to 1.0202