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Ajish_A
Aug 7, 2019 11:18 AM

USDCHF Short term pullback  Short

U.S. Dollar/Swiss FrancFXCM

Description

Double top on 1hr TF showing rejection against zone on chart. Could see a potential short term pullback on the pair to the downside. Gold continues it’s surge upwards towards $1500 and DXY support- “10-year US Treasury bond yield is losing more than 4% on a daily basis suggests that the DXY's correction is technical and is unlikely to gather momentum unless supported by fundamental developments”

Confirmation: DXY rejection, FIB, supply zone, Psycho level, Gold

DXY:


Gold:


Trade closed: target reached

DT2 reached
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