USDCHF Sell the resistance. Short

U.S. Dollar/Swiss FrancFXCM

Description

⋅ Jul 21, 2021 6:25 AM

USDCHF - Intraday - We look to Sell at 0.9229 (stop at 0.9251)

Rallies continue to attract sellers.
Preferred trade is to sell into rallies.
Pivot resistance is at 0.9239.
Bearish divergence is expected to cap gains.

Our profit targets will be 0.9172 and 0.9162

Resistance: 0.9220 / 0.9240 / 0.9260
Support: 0.9200 / 0.9180 / 0.9160

Trade closed: target reached

⋅ Jul 23, 2021 6:38 AM

Comments

Elnanog

⋅ Jul 21, 2021 8:07 PM

great job hope it drops to 0.9125 i got a sell on it ...lol

Mihai_Iacob

⋅ Jul 21, 2021 8:21 AM

Nice and clear creation