Lingrid | USDCHF at strong RESISTANCE. Short

5 lug 2024

The price has failed to sustain its rally above the previous week's highs, instead declining to lower leves. USDCHF has pulled back to the resistance zone at 0.9000 which psychological level. On the 4H timeframe, the trend is slightly bearish, and I believe the price action suggests that the bulls lack strength to break above this resistance. The fake breakout of the 0.9000 indicates that the market may not have the momentum to continue its upward trajectory. If the upcoming news doesn't alter the market's direction, I think we may see a downward move. My goal is to support levle at 0.89280


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

13 lug 2024

Trade chiuso: obiettivo raggiunto