USDCHF COMES INTO RESISTANCE LEVEL

The USDCHF comes into resistance level around 0,9820 - 09840 with strong negative divergence on the RSI which means that there is NO power in moving higher and a strong possiblity to change direction. Also the Candlesticks give some exhausting singals on the 1 hour chart.

Levels around 0,972 - 0,968 and 0,964 can give some support.

Commento:

This looks like a false move above resistance level, Negative Divergence on RSI is still there. Now also occurring on higher timeframes (2 Hour, 4 Hour) I expect now that USDCHF will move lower. First target is 0,9715 - 0,9685!

Trade attivo:

Short on: 0,9840
Stoploss; 0,9880
Profit Target: 0,9715

Risk: 0,004
Reward:0,0125
R/R ratio: 3,125

Trade chiuso: obiettivo raggiunto