USD/CHF set for a fall

١٢ سبتمبر ٢٠١٩

There is a sell opportunity in USD/CHF at 0.9946. It has formed a triple top level near 0.9946 which implies it is bound do go down as a corrective mood. Additionally, another chart pattern called the ascending parallel channel is also spotted in the daily chart of the currency pair. the price action has hit the upper boundary of the channel at 0.9946. Therefore, it is likely to be slammed from this point. The details for suggested trade is as follow:
Short : 0.9946
TP: 0.9851
SL : 1.0017.