alexkyp

USDCHF potential SELL

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
The pair has been overbought for the past month with over 350 pips, also it is approaching critical s&r line as well as a weekly trendline.
There is a lot of potential for a short position as the DXY (Dollar index) is been overbought as well and is looking that a potential downward trend is coming.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.