UCDCHF: Short opportunity
Updated
Daily chart a double top formation about to complete.Good rr ratio to short.Rsi also indicate a overbought signal.Besides, both 1.27 extension complete and 1.200 level indicates a strong bearish signal to sell.
Compared to yen, the swiss rallied longer time whiled also accumulates higher correction risk,which means larger downside space.
Compared to yen, the swiss rallied longer time whiled also accumulates higher correction risk,which means larger downside space.
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Note
TP1 hitIn the long run, chf still in the depreciation period
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