fxplan

USDCHF Retest Important Trendline Resistance

Daily Chart : Uptrend last week but bullish momentum is decreases

Daily Chart Plan

A. waiting for reversal pattern for short.

  • Engulfing bar , pinbar
  • Target 0.9542 important support zone
  • keep an eye on 0.9737 ( 1 hour chart ) , strong candle break below 0.9737 bearish confirmation.

B. break above the trendline could face key resistance level 0.9840

  • still bearish , wait for reversal pattern

USDCHFDaily USDCHFH1 USDCHFWeekly

 

Warning: Before any investment in Forex you need to carefully consider your targets, previous experience, and risk level. FX trading can result in the loss of your money, therefore, you should not invest capital that you cannot afford to lose.