YourLazyTrader

USD/CHF bulls fail at the previous high, time for a correction?

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
USD/CHF bulls have failed to break the previous high near the 0.9875 level.
We have a bearish candlestick formation at this level as shown in my chart.

So, if the bulls fail to break the resistance level that I have highlighted in my chart,
there is a chance for a correction in USD/CHF.

Potential sellers can consider selling at the 0.9840-0.9875 level and depending on how the
trade develops, TP can be set at 0.9630 level.
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