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Usdchfsell

USDCHF dropping nicely, remain bearishSell below 0.9958. Stop loss at 1.0027. Take profit at 0.9857. Reason for the trading strategy (technically): Price is dropping nicely from yesterday. We remain bearish below 0.9958 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci projection, long term descending resistance, EURUSD negative correlation) for another push down to 0.9857 support (Fibonacci projection, recent swing low support). Stochastic (21,5,3) has reacted off our 92% resistance as expected and has good downside potential.
Short
by theforexarmy
USDCHF SHORT ::: RISK CALL :::The reason why we feel EURUSD may SINK. * On weekly basis it has just started moving DOWN. * Bullish Engulfing in weekly Chart . * To SINK and come near .9627 levels * Stoch RSI (3,3,14,Close) is Sinking. * RSI (14,CLOSE) is Sinking. * CCI (20,CLOSE) is Sinking. Keeping all the above indicators in view along with the chart pattern we expect it to SINK. Our SELL call shall be from SELL BELOW :.9816, SL:.9826, Tgt 01:.9627. The view expressed here is on weekly basis. [b ]Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
Short
by ajithchand-bhandaari
1