USDCHF: Sell Opportunity

In spite of previous sell trades which were closed by stop, the market stays good for selling only. The price reached the resistance zone formed by 1.0000 resistance and the upper line of the price channel from the 4H chart. If the price breaks the local uptrend line and the support, it will give us a new sell opportunity.

Entry Price: 0.99750
Stop Level: 1.00025
Profit Level: 0.98800

Risk per trade must be no more than 1% of your capital. If the price moves above 1.0000, we will need to search for a new trading opportunity. The old sell trade must be replaced by this trade.

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