modepip

Long Term SELL on USDCHF

Short
OANDA:USDCHF   U.S. Dollar / Swiss Franc
Market bought corrective into Monthly OB for a retest. Also, we have psychological level 1.0000 at this OB. We are also seeing trendline confluence supporting our Sell bias.

Market could fall to 0.9000. We should also take note of how price reacts with the lower trendline of the inside channel.

*** This is just my opinion. It doesn't serve as financial advice ***
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.