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DK_Investment
Sep 17, 2019 7:49 AM

USD/CHF - breakout or big short movement incoming Short

U.S. Dollar/Swiss FrancFXCM

Description

Market price reached again strong resistance trend line and we can expect many sellers coming into the market at current price area. Should the next 3-4 candles close within the drawn sell area we can open short as drawn in the chart because the probability for a down movement to at least first take profit is then very high.

A market close above 0.99450 implements breakout and movement to drawn area

-RSI baseline is near trend line resistance and need to break this fur further up movement
-Bollinger bands stopped up movement which implements incoming consolidation movement

Order cancelled

Trade closed: target reached

breakout target reached
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