Roker1
Short

Reversal pattern on USDCHF

FX:USDCHF   U.S. Dollar / Swiss Franc
Hi guys,

i've been looking at this pair often lately, and i'm still looking to sell this because i think we need to see a relief rally before eventually continuing to the upward direction. At this moment, we're testing a very strong resistance level , both weekly and daily, and we're doing so in overbough condition (heavy overbought). On a lower timeframe, such as the 4H, you can see price is still overbought and has created a nice reversal pattern in the form of a pinbar + an engulfing to the downward side. I'm taking this short, with stops and targets as showed.

If you have any question/idea, feel free to share it below.
Otherwise, see you in the next chart!
Trade closed: target reached: First target hit! Stops moved to breakeven
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

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My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw
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