USDCHF Sell the pivot.
Updated
USDCHF - Intraday - We look to Sell at 0.9234 (stop at 0.9253)
Pivot resistance is at 0.9239.
Bearish divergence is expected to cap gains.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
A lower correction is expected.
Our profit targets will be 0.9176 and 0.9166
Resistance: 0.9240 / 0.9260 / 0.9275
Support: 0.9200 / 0.9180 / 0.9165
Pivot resistance is at 0.9239.
Bearish divergence is expected to cap gains.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
A lower correction is expected.
Our profit targets will be 0.9176 and 0.9166
Resistance: 0.9240 / 0.9260 / 0.9275
Support: 0.9200 / 0.9180 / 0.9165
Trade closed: target reached
Closed intraday with 14 pips of profit.
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