IndependenTradingFX
Short

USDCHF - POTENTIAL SHORT SETUP

FX:USDCHF   U.S. Dollar / Swiss Franc
USDCHF is currently on a downtrend after breaking an uptrend that tested our recent support line for the second time. Our downtrend has multiple wick rejections.
Price is currently sitting within our resistance zone , with a bearish candlestick that touched our trend line .
In addition, price action has reversed on the tight bullish uptrend (purple arrow) and lost momentum.
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