USD/CHF - Reversal From Buy To Sell
Hello to everyone !!!
I start today with a pretty big fluctuation in USD/CHF.
We see in chart h4 a trendline formed at 3 key points where it is expected to break and continue towards a move of 0.9800 if possible where sellers take full control of the market.
The weakness of buyers lies in the loss of resistance contact where they have often had to break it to the point 1.0 but failed to achieve its goal as it simply managed to create a force for further downtrend to the trendline.
meanwhile 48% of traders are trading "LONG" usdchf , then the rest 52% long
I start today with a pretty big fluctuation in USD/CHF.
We see in chart h4 a trendline formed at 3 key points where it is expected to break and continue towards a move of 0.9800 if possible where sellers take full control of the market.
The weakness of buyers lies in the loss of resistance contact where they have often had to break it to the point 1.0 but failed to achieve its goal as it simply managed to create a force for further downtrend to the trendline.
meanwhile 48% of traders are trading "LONG" usdchf , then the rest 52% long
Trade active:
ENTRY SELL