There is more left to the upside. An excellent place to short it will be somewhere at 1.004
ICmarkets
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Nice idea on USDCHF and there may be bearish potential as you have identified. The resistance that we have found is at 0.9955, which is just above your sell entry. It is a horizontal swing high resistance with 78.6% Fibonacci retracement. Stochastic is approaching its resistance at 98.6% where a corresponding reversal could occur. If a corresponding reversal does occur, we may want to look at the 0.9862 support level, which coincides with your 23.6% Fibonacci retracement. It is a horizontal swing low support with 100% Fibonacci extension and 23.6% Fibonacci retracement. Looking forward to seeing how things develop.
Please have a look at our idea and share with us what you think.