Looking to go short US dollar versus Swiss Franc as the pair tap the descending that has held since April and is highlighted in our trading view chart . The re tap again yesterday coincides with reaching overbought levels on stochastics. Given the market has been challenging recently we have have waited for confirmation of a cross over on stochastics and the lower highs pattern to confirm itself on hourly charts.
We are looking for the pair to retest and create a around low 97s.
Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Meta trader and most broker platforms. Or if you want a free one month signals trial with us please get in touch.
Good luck trading
from the Team at forexTrdr