Killy_Mel
Short

FX CHART OF THE DAY: USDCHF MEAN REVERTION DOWNWARDS IN PROGRESS

FX:USDCHF   U.S. Dollar/Swiss Franc
USDCHF             has recently broke down inside the 1st st             deviation from weekly (120-hour) mean, after a significant leg of upmove.

There is high chance of price tagging the mean now, as it needs to trade laterally now after the uptrend completion.

Traders can still catch up with it by shorting (preferably closer to the 1st st             deviation @ 0.9680) in view of price falling to its weekly (120-hour) mean @ 0.9635 before continuing anywhere else.

However traders willing to jump into the move should also put a stop above the relevant highs (@ 0.9720), despite the fact that the stop level is far away upwards from the price.
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out