USDCHF nearing the sell zone of the current trading range. We can look to short/sell limit at the 0.9760 area.
With stops placed above the range at around 0.97850 this will give us a lovely entry to target the 0.96300 with an excellent R:R of over 1:6!!
Previous month has illustrated a ranging market. Breakthrough has occurred in the recent days and is slowly approaching psychological level of 1.3200 in which a possible rejection could occur.
This particular zone has also been proven to be a strong resistance several times this year.
SELL LIMIT order placed at 1.3200.