chart_artistry

POTENTIAL LOWER PRICES ON USDCHF

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
Although the price is in a strong uptrend on all time frames, I see the price is bouncing in this ascending channel into a upper time frame resistance area. I dont know if there will be a reversal but I can see a nice retracement on this pair at least to the middle of the channel or the bottom end of the channel. I will see what the price does at the bottom end of the channel when it gets there, if it gets there. Im monitoring lower timeframes to see if sellers are coming into the market for a sell position. The pair is also showing divergence on multiple time frames with multiple indicators and is overbought on the rsi for those that use indicators for extra confirmations.
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