USDCHF Still Bearish

After reaching our target at 1.1350 the pair is now testing a resistance level formed by lower lows around the 1.3575/80 area that turned the last 24 hours price action into a triangle. Breaking above the lower line of the triangle is a nice short opportunity, with stops places above 1.1400 and target aiming at the area below 1.1300 and 1.1250.

After reaching our target at 1.1350 the pair is now testing a resistance level formed by lower lows around the 1.3575/80 area that turned the last 24 hours price action into a triangle. Breaking above the lower line of the triangle is a nice short opportunity, with stops places above 1.1400 and target aiming at the area below 1.1300 and 1.1250. The volatility is still high in all markets and freign exchange is excelling in this department so risk management should be key.

 

[NP][/NP]