USDCHF Technical Analysis


Price reached the MR1 which was last months high and we saw that bears pushed the price down and now we have a stochastics that looks like it wants to come down.


I am expecting bulls to push price up at either WPP or WM2 which also a fib level. being a bear im going to wait for price to come up around 1.0054 which is also WM3 and look for opportunities to sell


on the H1 chart we can see that price ranged for 3 days at resistance (last months high) and then on Friday price broke the bottom of the range and now im waiting for a pull back to sell. my sell zone coincides with 61.8 fib, WM3 and a role reversal.

One thought on “USDCHF potential short Swing trade”

  1. Tsholanang Tsholanang says:

    Solid Trade Plan Bro.

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