4 reasons to short USD/CHF right now
Updated
Hi traders, here're 4 reasons you should consider taking this very nice setup in USD/CHF. As always, let me know in your comments what you think.
1. Bearish wedge breakout to the downside, projecting a profit target to the lower 0.96xx levels
2. Retracement at the 61.8% Fib level
3. Weak US data lately, CHF possibly gaining from Brexit worries
4. Bearish RSI divergence on the daily chart
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1. Bearish wedge breakout to the downside, projecting a profit target to the lower 0.96xx levels
2. Retracement at the 61.8% Fib level
3. Weak US data lately, CHF possibly gaining from Brexit worries
4. Bearish RSI divergence on the daily chart
Please hit the "LIKE" button if you find this post useful. Thanks!
Trade closed: target reached
50% closed in profit and rest moved to break/even
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