MountainTraderFX

USD_CHF ON KEY LEVEL|TRADING PLAN

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
USD_CHF has reached the lower boundaries of the daily key resistance level .
Coupled with the double top with the second top being the lower high, I am bearish on the pair.
Now, depending on the style of trading you prefer, you might wanna enter a short now, If you are an aggressive trader,
Or, you need to wait till the conclusive breakout of the horizontal support line and short on pullback, if you utilize a more conservative strategy.
The diagonal support line will stand in the way of the downward movement so depending on style of trading, you might want to place your first target at support line.

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Comments

I think the forecast is correct and EURUSD will rise. Good work
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i'm waiting to short at around 0.929 and buyback at around 0.901.... any input?
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@jimmvx, at the higher high? Yeah, thats a solid swing! But wait for the reversal signal!
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jimmvx jimmvx
@MountainTraderFX yeah thanks for the input 🙏🏼
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I appreciate your feedback and support!
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