FX:USDCHF   U.S. Dollar / Swiss Franc

USDCHF is approaching a resistance line of a rising channel .
currently the price is coiling within a narrow trading range.
I will be waiting for a bearish breakout of support to short the pair.
T1 - 0.991
T2 - 0.989

*if the market sets new higher high, setup will be invalid
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Hi! thanks for sharing. I think any sell position must be done with an open eye for adding one more position in 0.997 and also considering a SL above 0.997 would a safer trade. From there we might go for a lower low! lets see what will happen after ECB! (which I believe would give a rise to Euros and hammer DXY).
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@Masoud1369, good luck brother!
+1 Reply
SRTUV1 Masoud1369
@Masoud1369, didn't happened, usdchf not reaching 0.997, thats ludicrous.

And it's going to meet his cousin CAD/CHF down in hell (0.96500) in a couple of days.
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@SRTUV1, drink a glass of water buddy
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Share your analysis on USDCHF here
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