USDCHF | COULD BE A GOOD SELL TRADE?
Hey Traders!
I believe USDCHF has a good chance to fall further it's currently sitting above the daily 200 moving average, crossed the 20 on the 4h, if we see the squeeze pattern break to the downside it will continue its strong bearish trend. We also have a previous rising wedge and H&S pattern not yet touched, which could have some weight on top of the overall analysis. 📈✅
Manage your risk accordingly, I would say every 20 pips take some money, and adjust SL as needed per your strategy.
I believe USDCHF has a good chance to fall further it's currently sitting above the daily 200 moving average, crossed the 20 on the 4h, if we see the squeeze pattern break to the downside it will continue its strong bearish trend. We also have a previous rising wedge and H&S pattern not yet touched, which could have some weight on top of the overall analysis. 📈✅
Manage your risk accordingly, I would say every 20 pips take some money, and adjust SL as needed per your strategy.