AlkalineFX

USDCHF - Back at Resistance

FX:USDCHF   U.S. Dollar / Swiss Franc
Hooray, price is now back at the previous resistance level , I see signs of bulls, let's all buy and make millions, HELL NO! Understand how the market works and how banks manipulate retail.

I have drawn a path as to what i think may happen next. I expect a push below the resistance level to gather liquidity before the intended move to the upside. We may not even see this at all we may just see a total disregard to the resistance level and a sell off, time will tell.

COT Data - 61% Long

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