OANDA:USDCHF   U.S. Dollar / Swiss Franc
USDCHF looking to be a good sell from my point of view. Looking at Daily time frame we have respected the downwards trend and have now touched trend resistance. Bullish momentum has died down since we can see spinning tops and a dragonfly DOJI formed on the hourly time frame. Further on, a bearish engulfing candle stick has also been created indicating selling pressure. If we do break completely through trend resistance then I would say that the trade is invalid. As for entry's if you want place the trade straight away go for it or be patience and wait for some type of pullback then enter. Analyse for yourselves its my second time sending out analysis so don't rely on it.
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