OANDA:USDCHF   U.S. Dollar / Swiss Franc
USD CHF impulsive move start...now just small correction then again impulse ...keep on eyes

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Nice idea on USDCHF and there may be short term bearish potential as you have identified. Currently price nicely coincides with the resistance level that you have identified. Stochastic has reversed off its resistance at 98% where a corresponding drop could occur. If a drop does occur, I have found a support level at 0.9751, which is similar to the support level that you have anticipated a bounce for the long opportunity. It is a horizontal swing low support with a 23.6% Fibonacci retracement. Looking forward to seeing how things develop.

Please have a look at my idea and share with me what you think.


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