PontusTrader

Dollar to Franc coming to winching resistance area

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
Lots of resistances lining up together around the same time spells high probablity of continued downside for the USDCHF.

Take a look at the chart below zooming in on the daily. We have a rising wedge in a larger downtrend, which is a bearish pattern.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.