I have just taken a sell position on USD/CHF expecting some strong selling pressure over the next coming weeks.
From a technical perspective we can see price has come into 0.90000 level which is a key area of daily / weekly resistance where in the past the market has reacted to favourably.
I am expecting again a strong reaction from this area.
I will not be going into the entry confirmation for this trade.
Stoploss is going to be at the high of the current daily candle.
Targets have been outlined within the screenshot provided.
From a technical perspective we can see price has come into 0.90000 level which is a key area of daily / weekly resistance where in the past the market has reacted to favourably.
I am expecting again a strong reaction from this area.
I will not be going into the entry confirmation for this trade.
Stoploss is going to be at the high of the current daily candle.
Targets have been outlined within the screenshot provided.