EmpowerTrader
Short

USDCHF Potential Bearish Reversal

FX:USDCHF   U.S. Dollar / Swiss Franc
Trade Idea: Bearish Reversal

USDCHF surged to the topside of the bearish channel last week as risk appetite returns. Now that we're entering a new week, there are still a lot of headlines that could bring back volatility (Brexit, US-China Trade & Government) to the markets.

Trade Step-ups:

Scenario One: Price reverses from current resistance level to the bottom side of the bearish channel . Look to profit below 0.9740.

Scenario Two: Price pushes higher to final key resistance below reversing to the bottom side of the channel. Look to profit below .9740.
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