Upon breakout of the uptrend leading to a key resistance, we see this pair start to fall. A shorting opportunity may present itself only after confirmation with your strategy. I’m looking for confirmation of a reversal after retesting the trend line or near that area.
During a downtrend usd/chf dropped to a key level, started to recover and during a uptrend broke out of the initial downtrend. Looking at it now looks like the breakout was false and has now dropped back into the downtrend channel.