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
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).