USD/CHF - breakout or big short movement incoming
Market price reached again strong resistance trend line and we can expect many sellers coming into the market at current price area. Should the next 3-4 candles close within the drawn sell area we can open short as drawn in the chart because the probability for a down movement to at least first take profit is then very high.
A market close above 0.99450 implements breakout and movement to drawn area
-RSI baseline is near trend line resistance and need to break this fur further up movement
-Bollinger bands stopped up movement which implements incoming consolidation movement
A market close above 0.99450 implements breakout and movement to drawn area
-RSI baseline is near trend line resistance and need to break this fur further up movement
-Bollinger bands stopped up movement which implements incoming consolidation movement
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breakout target reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
