MEX_Exchange

USDCHF approaching major resistance, prepare to sell

Short
FX:USDCHF   Dollar américain / Franc suisse
Sell below 0.9675. Stop loss at 0.9706. Take profit at 0.9578.
Reason for the trading strategy (technically):
Price is approaching major resistance at 0.9675 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance) and we expect to see a strong reaction from this level to push price down to at least 0.9578 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is approaching our 100% resistance once again where we expect a strong reaction from.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.