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FuturesForexClasses

USDCHF / H1 / Daily Forex Technical Analysis / 8.20.2019

Short
U.S. Dollar / Swiss Franc (OANDA:USDCHF)  
FuturesForexClasses  
OANDA:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Harmonic Patterns Chart Patterns USDCHF usdchfshort h1 Forex dailyanalysis Technical Analysis forexsignals forextrading august2019
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trendanalysis harmonicpatterns chartpattern usdchf usdchfshort h1 forex dailyanalysis technicalanalysis forexsignals forextrading august2019
Hello Traders, welcome to the Daily Forex technical analysis. Today is August 20th, 2019 and we will be taking a look at the United States Dollar against the Swiss Franc. Looking at the 1 hour time frame price action is currently making its way to a previous area of resistance and support at the .983 area. If Price action reaches these levels and fails to find a bullish continuation to the upside, we will be looking for an entry short with profitable conditions. Entry for a Short position near the .98442 area, with a Stop Loss near the .98739 region, and a target profit level area of .97612 to possibly ensure a profitable trade with a 2.79 to 1 R/R.
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