Confluence of 2 strong Trend Lines: potential BIG SELL

FX:USDCHF   U.S. Dollar / Swiss Franc
This is a continuation of my previous idea.
1) Price has now stalled at the long-term Resistance zone .
2) Along with that, we can also see the USDCHF is at the top of the broadening formation(Red Lines).

The confluence of these two strong resistance lines gives us a pretty strong bearish setup.

Price is also at the extreme now. So, it's likely that we will have a strong sell-off in the coming days.
Traders can look for sell entries between 1.0140-1.0160 with SL above 1.0180
TPs can be set at 1.0020, 0.9950 and 09870 respectively.

If you like this idea, please encourage me with your thumbs up. I appreciate your valuable comments and feedback.
To receive daily ideas and updates, don't forget to check my signature at the bottom of this idea.

Trade closed manually: SL hit

COPY MY Trades :
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out