USDCHF is currently in ranging on the daily timeframe,
For now the pair has reached a strong resistance area that the market respected several times in the past.
Rejection has been going and the market has been unable to break the resistance.
if the the market respects the structure, we should wait to retest the resistance and short this pair.
On the the other hand, what is interesting is that the market seems to be making Head and shoulders if it is able to reach our support line. then we can still stay in short of this pair for the longer term.
In anyways, good luck and stay safe!!
What is your analysis on USDCHF?
For now the pair has reached a strong resistance area that the market respected several times in the past.
Rejection has been going and the market has been unable to break the resistance.
if the the market respects the structure, we should wait to retest the resistance and short this pair.
On the the other hand, what is interesting is that the market seems to be making Head and shoulders if it is able to reach our support line. then we can still stay in short of this pair for the longer term.
In anyways, good luck and stay safe!!
What is your analysis on USDCHF?