EURCHF - Already Overbought ↘️

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

EURCHF has been overall bearish trading inside the falling channel in red, and it is currently approaching around the upper trendline.

Moreover, the zone 0.97 - 0.975 is a strong resistance.

🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline acting as a non-horizontal resistance.

As per my trading style:
As EURCHF approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich