YGForex

Good Opportunity for USDCHF....Potential Entry now!!!!

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
As we can see USDCHF have been testing this strong resistance level @0.9740 price level which it did not managed to breakthrough several time. What I am planning to see from this movement is a lower head (low) which is only possible forming at this resistance level . If we were to look at the 1H chart we can also see a double head formation forming a "M" shape which also looks like a potential bearish retracement downwards.

FOLLOW us on Tradingview for latest updates and analysis!!!! Do LIKE if you agree with our idea and COMMENT to share your analysis as well as your idea on this pair. Cheers and happy trading!!! Drop me a private message on Tradingview for free telegram group!!!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.