Potential rollover on USD/CHF to 0.968 levels Short

U.S. Dollar/Swiss FrancFXCM

Description

⋅ May 8, 2020 2:07 AM

Will be looking around 0.973 to see how price reacts to the previous intra-day range.

If there is slow, unsustainable bullish momentum it signals to me that there could be a rollover down to the 0.968 region which was a prior level of demand.

Trend Analysis

Comments

mjahan4x

⋅ May 8, 2020 7:50 PM

Scaled position was executed at the second failed bullish run netting a solid trade to the pip.