L.Vereschagin: trading USD/CHF
L. Vereschagin, independent analyst and trader
Chart 1. Daily USDCHF
USDCHF has become an interesting trade these days.
The price lies close to the 0.8890-0.9010 resistance area. The pair approached a serious barrier, that is likely to pull it to the downside.
RSI Oscillator (8) is overbought, what also confirms the bearish view (Sell).
Chart 2. H4 USDCHF
Sell in a range: 0.8890-0.8910
Stop Loss: 0.8955
Take Profit: 0.8755
Chart 3. H1 USDCHF
Conclusion: sell signal confirmed