Ok so I've done my analaysis on USDCHF and I'm looking to short it if it meets my requirements.
As you can see this looks like a good technical setup we're in a range market but in a bearish trend on the 4hour chart.
If price gets to the trend resistence it will be very likely to fall back down to around 0.92000
hitting a key resistance level and RSI could get easily oversold.
A very good entry would be at 1.0000 since it's a psychological level and also a very technical one it crosses the diagonal resistance and horizontal together indicating this whould be a very strong resistance level.
Economic events indicate both positive as well as negative forecasts on USD and CHF however my position on this pair would only me confirmed if the FED doesn't increase intrest rates in June.
As you can see this looks like a good technical setup we're in a range market but in a bearish trend on the 4hour chart.
If price gets to the trend resistence it will be very likely to fall back down to around 0.92000
hitting a key resistance level and RSI could get easily oversold.
A very good entry would be at 1.0000 since it's a psychological level and also a very technical one it crosses the diagonal resistance and horizontal together indicating this whould be a very strong resistance level.
Economic events indicate both positive as well as negative forecasts on USD and CHF however my position on this pair would only me confirmed if the FED doesn't increase intrest rates in June.