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USD/CHF: a short-term "SELL" is on the way

Short
U.S. Dollar / Swiss Franc (OANDA:USDCHF)  
Investroy  
OANDA:USDCHF   U.S. Dollar / Swiss Franc
Support and Resistance Fibonacci Trend Analysis USDCHF priceaction Technical Analysis Forex forextrading supportandresitance investroy
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supportandresistance fibonacci trendanalysis usdchf priceaction technicalanalysis forex forextrading supportandresitance investroy
As it can be identified from the higher-timeframe graphs, the price has formed some sort of a triple top, which is a sign of incapability of a bullish break. From here, we are expecting for the price to perform a solid, potentially a 100-pip drop and reach the level identified on the graph (area of the previous Higher High that lines up with the 50% Fibonacci retracement level drawn from the bottom of the 0.922 impulse.

The overall sentiment remains bullish, however, it would be beneficial to profit from this short-term hedge move.

Wishing a green Thursday for everyone!

Investroy
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