Let's take a look at USD/CHF on 4H chart. We can see price is respecting resistance line that has been tested multiple times in recent past. Price is nearing this resistance line area and we will wait to see what will price do. Stochastic is showing us that price is overbought. MACD tells us Bullish movement is slowing down. We will look for SELL positions next week with this pair. This could be very good short term trade however, we will wait for price to show us more clearer signs that price actually will bounce from resistance line.
What do you think about this idea ? Do you agree or disagree with us ? We would like to answer any of your questions or ideas so don't be shy and drop a comment in section below :)
What do you think about this idea ? Do you agree or disagree with us ? We would like to answer any of your questions or ideas so don't be shy and drop a comment in section below :)
