Phenlx
Short

USD/CHF touching upper Trend Resistance line

FX:USDCHF   U.S. Dollar/Swiss Franc
281 4 9
I am not actively trading this pair but it looks as a nice trading opportunity with a low risk.
What do you think? Up or down?

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Rebounds

benangus2003
usdchf
benangus2003 about USDCHF a year ago
UPPgrayyed
a year ago
Hi Phenix, nice trendline resistance. there is also divergence on daily timeframe. for me it looks to bullish at the moment. I'll wait for one more daily candle :)
Reply
Phenlx UPPgrayyed
a year ago
Hi UPP, thx for the hint. I agree last both candles showed strong bullish action. I would also wait to see a starting down trend on lower timeframe. I am curious about the next days.
Reply
UPPgrayyed
a year ago
snapshot
Reply
PhriedaB
a year ago
Nice analysis! This pair can go either two ways
1) If it retests the 0.9745 level it can form a triple top, therefore confirming your thesis or
2) Break this level to the upside as support has been making higher highs.

I will look for a retracement from that 0.9745 level to determine if it will be great short.
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